DUE DATE: After transmitting December’s data and prior to transmitting January’s data.
Open your new current year company data file in AccountEdge for the current Fiscal Year and Click Accounts – Account List. Highlight the Account name and click the “Budgets” tab.
Enter your budgets and goals. These values come from your Forecast Model on the Budget tab. Enter the values on their respective line. Enter your monthly amount in January and click "Copy Amount to Following Months" to add it to the rest of the year.
To verify all budget entries match the original regionally approved forecast, compare the multi-period budget spreadsheet in AccountEdge to your forecast model. The multi-period budget spreadsheet can be found under Accounts-Profits and Loss. It will need to be customized for January-December.
Reminder—Budgets for Income, Cost of Sales, Other Expense accounts are entered with the exact amount per your market center KW Forecast Model for each month. Most of these numbers should be positive numbers. AccountEdge will convert these numbers correctly to show as an expense.
For any below the line entries, you will need to enter expenses as a positive number and income as a negative number.