About Budgets

You use the Budget Maintenance screen to enter budgets for your accounts for any year defined in the fiscal calendar.

You decide the type of information each budget contains. For example, you might set up an original budget, an adjusted budget, and a forecast.

Tip: If you create roll-up budgets, use a separate budget set.

The Budget Maintenance screen provides calculation methods and tools to help you create budgets. You can:

• Type the budget amounts in the Budget Amount column for each period.
• Let the system calculate budget amounts based on specified amounts and percentages using any combination of budget methods. (For information about specific budget methods, see Budget Methods.)
• Use the Fiscal Set Lookup feature to display actual and budget sets for any account in the general ledger, and then use one of the Copy methods to move the lookup amount into your new budget.
• Use the Import and Export choices on the File menu to transfer General Ledger accounts and budget figures to and from non-Sage 300 ERP programs. For example, you can export account data to a spreadsheet, manipulate it, and then import it as budget data.

  Note: If you import budget information into General Ledger from a spreadsheet, you must supply the account number, fiscal set and year, and currency code and type in the file, along with the budget amounts.

  See the System Manager help for information about importing budget data.

Note: You must enter credit amounts as negative numbers.

Future Year Budgets

In addition to current-year budgets, you can create budgets for an unlimited number of future years if you are using Sage 300 Premium ERP.

These future year budgets consume disk space, so you should add them only when necessary.

Note: You must create the future year before you can add the budgets.