Plan your budget and cash flow with AgExpert Accounting

Published December 3, 2021

Budgeting with AgExpert Accounting

Are you looking for a budget that you can trust? Many farmers and business owners know why they should have a financial plan, but the truth is, only a few have one in place. The value of budgets in businesses is usually underestimated.

Budgeting is important for a business for several reasons:

• Based on reasonable estimates, it serves as a road map for the owner(s) and allows them to stay on track with their goals throughout the year.
• It helps managers to motivate their teams by knowing how they’re doing against projections.
• If you’re planning to expand your business, a solid budget is handy as investors and other financial stakeholders always require it.  

Take advantage of the Budget tool in AgExpert Accounting. Our program allows you to plan your income and expenses for the year, which allows you to compare your budget against actual numbers.

Here’s how you do it:

Access the Budget in the left navigation panel under the Planning menu.

Set a budget for your income and expenses accounts either monthly or annually. If you want to track your numbers yearly, enter the amount in the last month of your fiscal year.

 

The budget will update as you make your entries. You can compare projected income and expenses to actual numbers for individual accounts or at the higher level on your budgeted net income.

Print or save your report once all your numbers are recorded. The report will display in an easy-to-read and analyze PDF.

Manage your cash flow effortlessly

Staying on top of your cash flow is crucial to your business. Another important feature available in AgExpert Accounting is the Cash flow management tool. You can easily track the movement of cash flowing through your business. Set up your budget and record your cash projections in a few simple steps.

Want to learn more about what AgExpert Accounting can do? Check out our blog on how to manage your cash-flow.