A new blank budget allows you to create a budget from the beginning, without importing actuals or copying data from another budget.
Use the Create New Budget Wizard to enter the budget details, select the budget duration, add bank accounts, and configure GST settings.
1. Access the Budget Home Page
From the Budget Home Page, select the Create New Budget button.
This opens the Create New Budget Wizard.
2. Select Create New Budget
Within the Create New Budget Wizard, choose Create New Budget to begin setting up a blank budget.
3. Enter Budget Details
Enter a Budget Name of at least three characters.
Note: For clarity and consistency, it is best practice to include the start and end months and the year in the budget name.
4. Select The Budget Duration
Select the budget duration by choosing the start and end months for the budget period.
Note: This period must be at least three months and no longer than five years.
5. Add Bank Accounts
Add the bank accounts you want to include in the budget.
You must add at least one bank account. Multiple bank accounts can be added if required.
For each bank account, you can enter an Opening Balance.
You will also need to nominate a Primary Account.
If an account is nominated as the Primary Account, you can also enter an Overdraft Limit.
6. Configure GST
Review the GST Settings for the budget.
You can proceed with the default GST settings or adjust them for this budget if required.
7. Finish Creating the Budget
Once all required details have been completed, select Finish.
Agrimaster 10 will generate a New Blank Budget, ready for you to begin entering your cash flow data.
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