Budgets
The Budgets module enables planning and tracking of revenue and expense budgets by department, cost center, profit center or project. It compares planned values with actuals in real time, flagging overruns and producing reports on budget achievement.
What you can do
Section titled “What you can do”- Flexible setup — budgets by cost/profit center, project, business line or period (monthly, quarterly, yearly), with planned values per category (raw materials, services, salaries, overheads).
- Import and distribution — import from Excel files and automatic distribution of amounts across periods.
- Real-time execution — automatic correlation with actual data from Accounting, Production and Purchasing; variances are spotted immediately.
- Budget stages — Planned / Committed / Realized / Remaining, by cost centers and classifications.
- Budget versions — to analyze how plans evolve.
- Cash Flow link — flagged budget lines are pulled automatically into the cash-flow projections.
Typical flow
Section titled “Typical flow”Define budget (by center/period) → execution fed automatically from accounting/operations → plan vs. actual comparison → variance analysis → adjustments and new versions.
Benefits
Section titled “Benefits”- Full definition and customization of the budget structure, at any level of detail.
- Real-time monitoring of execution and variances against plan.
- No duplicated work, thanks to automatic pickup of budget lines into Cash Flow.
See the video tutorials or contact us for help.