Create a Budget
When creating a budget, you can start from scratch or modify an existing budget. You can also use your actual data to build a budget based on prior years or periods.
How
Do I Get There?
- From the Maintain menu, select Budgets.
- Click New.
Enter a budget name (up to 30 characters) and description (up to 50 characters).
You have three choices for creating a budget.
Start
from scratch
- From the Maintain Budgets window, select the New button.
- Enter a Budget Name and Description. A budget name can be automatically created based on the description, provided this option is checked in Maintain Global Options. The description is optional.
- Make sure "Start with a blank budget" is checked and click Finish.
- Use the Account Filters to determine the accounts that display for your budget. You can also filter by account segment (Sage 50 Premium Accounting or above) or department mask (Sage 50 Premium Accounting or lower).
- You can view and enter data for four fiscal years--the two currently open years, and the year before and after them.
- After you've begun working with a budget, you can still use actual data or an existing budget to complete the budget, by using the Autofill feature.
Use
actual amounts
- Select the New button from the Maintain Budgets window.
- Enter a Budget Name for the new budget. (The Description is optional.)
- Select "Use actual amounts from Sage 50" and click Next.
- Select the previous accounting periods to use to build the new budget.
- Select the starting period for the new budget. The end period is determined by the range of periods selected in the previous step.
- Click Finish.
Copy
amounts from another budget
- Enter a Budget Name for the new budget. (The Description is optional.)
- Select "Copy amounts from another Sage 50 budget" and click Next.
- Use the drop-down list to select the existing budget you want to copy from.
- Select the accounting periods to copy from and paste to; click Finish.