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Budgeting using TM/BM+?

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Micah Salb Posted: Sun, Sep 3 2006 5:46 PM

Folks,

We REALLY need to do a budget for our firm!  Years ago when we used QB we were able to generate a P&L report and drill down to see detail for each line item and use that info to create a budget, which we could then compare with actual. I know I can run an Income Statement by year or month and re-run it by month, but that seems like a lot of wheel spinning.

Is there a budgeting features in BM+ or some other way to allow us to do budgeting?

-Micah Salb

 

-Micah Salb Lippman, Semsker & Salb, LLC Bethesda, MD (301) 656-6905 TM/BM8+
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Micah,

You can do budgets in BM+.  They can be found under File, Setup, Accounting Options, Budgets.  There is currently no drill-down capability on financial reports as you had in QuickBooks however.  The easiest thing to do is probably run a P&L from last year and input the number for each GL account into the budget setup screen.  BM+ will automatically divide the amount by 12 and fill in each month's budget.  If you desire to change any of the months' budgets, you can select "Specify Monthly Budgets" and input each month's number individually.

There are reports for Budget v. Actual under Standard Reports, Financial.  for example, you can choose Comparative Income Statement, then choose from several options on the Options tab.

That should get you at least close to where you want to be.

Neil

Neil A. Johnson Certified Independant Consultant Time Matters | Billing Matters | World Server | Hot Docs | PCLaw Practice Development Partners, Ltd Chicago, IL neilj@pd-partners.com 312.224.8837

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