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Budgets and Milestones

Budgeting
Milestones
Overview: Budgets are the credit limits created for every buyer , to limit credit lending to buyers beyond a certain limit, just the same way as bank's limit there risk potential by diversifying there lending's to several people under controlled rules.
The above photo shows the the reached , over-reached , pending reach entries
  1. 1.
    Select 'Budgeting' from the side menu
  2. 2.
    If a buyer account has over reached , it'll show by what percentage the credit limit has been bypassed.
Note: Fresh entry is the main entry type in the system based on everyday challan per arrival/order. It's the fastest entry type !
  1. 1.
    Under Financial, click Budget Manager.
  2. 2.
    Select your start date.
  3. 3.
    To compare with actuals, set how far back you want to view (3, 6 or 12 months). Select 'None' if you don't want to view actuals.
  4. 4.
    Select the period you want the budget to cover. You can choose 3, 6, 12 or 24 months.
  5. 5.
    Click Update to filter the budget by your selections.
  6. 6.
    Enter budgeted amounts into each account field. Use a simple formula to fill out months using the green arrows.
  7. 7.
    Click Save at any time to preserve your changes.