Budget
Budget is a company's determination of income and expense targets within a certain period of time. In W3, many business functions such as invoices, bank, expenses and production assign records to the budget. The budget module makes plans, records forecasts and targets. In this way, control and supervision between planned and actual is ensured.
Path: ERP > Finance-Accounting > Budget > Budgets
Budget Saving
A business can make many budgets in a financial year. You can design different budgets such as Sales budget, Department budget, General budget, and special budgets according to Expense and Revenue centers.
- Budget:The budget you will create is named.
- Company: The Company in which the budget will be used is selected.
- Year / Period:Budgets are kept in the period. Therefore, you should choose the period in which you will trade.
- Process: When creating budgets, they are recorded in the preparation phase and after final edits are made, they can be published or undergo certain approvals. From here, the relevant stages are selected.
- Branch: If there is a branch-based budgeting, the branch to which the budget belongs is selected.
- Business Group:Budgets can be linked to the business group.
- Project:If there is a project-based budgeting, the project to which the budget belongs is selected. What is important is that project-based selections are made for transaction types.
- Explanation:This is the field where the necessary explanation about the plan is entered.
Budget Creation
After this is recorded as a branch, department, project-based or general budget. A budget plan must be created for the budget. It is determined how much income and expenses will be and from which budget categories and items they will flow. In other words, a prediction is created.
Planning slips created from the Add Income/Expense Plan field are listed directly on the budget page. An unlimited number of planning slips can be created here. Details can be accessed with the update icon on the line.
Hint: After planning, invoices, bank, expenses, production, etc. Records made by selecting expense, budget category and budget items through the modules are placed in the actual field. You can instantly follow the differences between planned and actual, the latest status of the budget, incomes and expenses, etc., through "Budget Report".
Recommendation: To obtain detailed information about Planning Slips, see our "Budget Planning Slips" document. You can review it.
Feedback
Scenario (optimistic/pessimistic, etc.) parameters are defined for Cash Flow income-expense definitions.