Nominal Account Budgets

You can set budget values for each month of your financial year for each of your nominal accounts. You can compare these figures against actual monthly figures for both this year and for the year just ended. This means that you can keep track of how close you are to meeting your budget targets, and see whether your business is performing better or worse than at the corresponding time last year.

You can amend your nominal account budget values at any time by using the Global Changes feature from the Tools menu.

Note: When you run a year end you also have the option to move the actuals values for the year just ended to the budgets for the coming year. This sets the budget values to be what really happened in each month of the year just ended. You can also add a percentage increase to your budget values, so that your budget values for this year are greater than your actuals for last year.