How To Use The Budget Tool
What you need to know:
Setting up a budget in AgExpert Accounting helps you plan and monitor your projected income, expenses, and personal draws or advances over a specific period. By entering budgeted amounts, you can compare projections to actual results throughout the year, assess whether your business is on track, and make adjustments as needed to maintain a realistic financial outlook.
What you need to do:
Gather your projected income and expense amounts for the budget period.
Identify the income, expenses, and personal draws or advances you want to include in the budget.
Confirm whether you want to enter budget amounts monthly or as a single annual amount in the final month of your fiscal year.
Have any previous budget details, actual financial results, or planning notes available to help create realistic budget projections.
How to (Step by Step):
Click Planning.
Select Budget.
Select Income.
Click Set on any account line to change the value(s).
Enter your budget amount for each month.
Tip: For annual budgeting, enter your annual amount into the final month of your fiscal year.
Click Save when you are complete.
Tip: Select Clear to erase all monthly values.
Click Expense.
Click Set on any account line to change the value(s).
Enter your budget amount for each month.
Tip: For annual budgeting, enter your annual amount into the final month of your fiscal year.
Click Save when you are complete.
Tip: Select Clear to erase all monthly values.
Click Report at the top right of the budget screen to generate a printed copy of your Budget Report.
References and Additional Resources
Still have questions? Contact support
Contact us at 1-800-667-7893 or email support@fccagexpert.ca if you require additional support. You can find other help options under the question mark Icon in the top right of AgExpert Accounting at any time.