Available in Sage 50 Premium Accounting and higher.
Create a Budget - Use Actual Amounts
Tip: You can create a budget using actual amounts from last year. Once you create the budget, you can always tweak these amounts based on expectations for the current year.
- Select the New button from the Maintain Budgets window.
- Enter a Budget Name for the new budget. A budget name can be automatically created based on the description, provided this option is checked in Maintain Global Options. 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 Step 4.
- Click Finish.
Troubleshooting
budgets from actual amounts
If you create a budget using actual amounts for balance sheet accounts, beginning balance amounts may not come across. This is because Sage 50 tracks activity for balance-sheet accounts, not balances.
To correct this, you could do one of two things:
- Add the missing beginning balance into the first period of the first year of your budget.
-OR-
- From an existing budget with a correct prior-year balance, use the Save As button to create a new budget. Then use the AutoFill button to fill in your budget with actual amounts.