Plan your yearly budget

Transcript

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1. 0:01

   Welcome to FlairSuite. A budget sets the revenue and expenses you expect for a year, so your reports can show how the actual figures compare. In this short video we create one and approve it.

2. 0:13

   First, sign in with your username and password.

3. 0:27

   Budgets live under Accounts, General Ledger, Budgets. The list shows each budget with its year, the locations it covers, its status, and its revenue, expenses and net.

4. 0:40

   Click New budget. A draft for next year opens, covering the whole company. Give it a clear name so it is easy to find later.

5. 0:51

   Each income and expense account has a row with twelve months. Type a yearly total, for example one hundred and twenty thousand dinars of sales, and it is spread evenly over the months. Do the same for an expense such as rent, eighty four thousand dinars, then click Save.

6. 1:10

   A budget only counts in the reports once it is approved. Click Send for approval. If your company has set up approval steps for budgets, the approvers are notified; here, you can decide straight away.

7. 1:25

   Click Approve. The budget's status changes to Approved, and back in the list it shows with its totals, ready for the reports.

8. 1:39

   That's it. We created a budget, entered the yearly amounts, and approved it. Thank you for watching.