You can create a budget and track your Profit and Loss against it.

Creating a budget

To learn more watch the How to Create a Ledger Budget tutorial.

To manage Ledger Budgets, go to Accounting >> Chart of Accounts >> Ledger Budgets

You can create multiple budgets and for various date ranges (e.g.. financial year or quarter).

The application can automatically create all ledger rows based on the Expenses and Revenue ledgers currently defined in the application.

For each ledger row, specify a budget amount for the month. Use the icon to fill in the same amount to all subsequent months in the specified date range.

Tracking a budget

Once completed, use the to export your budget to a MS Excel document.

 

To track your P&L against your budget, use the accounting report Profit and Loss vs Budget.

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