Enter budget profiles (NL settings)

About budget profiles

Budget profiles are used to apportion a yearly budget across your accounting periods.

Note: This applies only to the current year. You cannot enter budget profiles for future years.

You can use a budget profile to take known seasonal or market trends into account. You can weight certain periods more than others by entering an appropriate percentage of the annual budget in each of the period boxes.

You can have three budget profiles.

When you create your nominal accounts you can choose to use one of the budget profiles as the Budget Type. The other budget types are monthly, group or annual. Budget profiles match the accounting periods specified for the financial year. Typically the year will be split into 12 periods.

Example of a budget profile

Using the following budget profile:

• 12 monthly periods.
• 12% for January.
• 8% for the remaining months.

An annual budget figure of £10,000 creates the following budget; £800 in all months except January when there is £1,200.

To set up or view budget profiles

Open: Nominal Ledger > Utilities > Ledger Setup > Ledger Settings | Budget Profiles.

Open: Nominal Ledger > Utilities > Ledger Setup > View Ledger Settings | Budget Profiles

• Click the Budget box for the period and enter the required value.

  The total of all the periods must add up to 100.