Budgets & scenarios stores monthly plans for the selected company's profit-and-loss accounts. Planning amounts do not post to the books. Prepare the intended months, account amounts and assumptions before creating a plan.
- Choose the company and open Budgets & scenarios.
- Select New plan and choose the intended Plan scope.
- Enter Plan name, First month and Last month.
- Add the account-month amounts and record Revision reason and assumptions before saving.
Use positive revenue and expense amounts according to the profit-and-loss presentation, with negative amounts reserved for the appropriate contra activity. Check each month rather than entering an annual figure into every row.
After saving, review the selected version and its comparison with posted actuals. A saved budget is an assumption record, not evidence that the company earned or spent those amounts. If book setup is incomplete, existing plans can remain readable while creation or actual comparisons require the current company settings to be completed.
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