ACCOUNTS HOSTED - COULD SOMEONE BABY STEP ME THROUGH BASIC BUDGETING, PLEASE?

GDBNCADMIN
GDBNCADMIN Member Posts: 6 Reckoner Reckoner
in Accounts Hosted

Hi there

I haven't used much of what is available in Reckon Accounts Hosted, but I need to get an idea on how to create and compare a budget, please.

I have managed to set up a Budget using the last financial year's P&L By Account ... but what I want to know is how do I create a new budget from that (i.e. increase the value by percentage perhaps?) to get a Forecast Budget. I hope that made sense ... and I realise this is a really basic question ... but any help would be most appreciated.

I use Reckon One at home ... but this is way different.

Many thanks in advance.

AM

Comments

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,137 Reckon Community Manager Community Manager

    Hi @GDBNCADMIN

    Just checking this off first, have you had a look at the in-software help menu? There's a fair bit of detailed info in there about budgets and in particular how to create them in from various sources.

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  • GDBNCADMIN
    GDBNCADMIN Member Posts: 6 Reckoner Reckoner

    Hi Rav

    I've been trying to find out what I need from the Help section but wasn't having any luck ... thanks for pointing me in the right direction there ... I'll have another look and see how I go.

    I was sure there would be something in Help to save me ... I'm having one of those days it would seem :(

    Many thanks!

    AM

  • Zappy
    Zappy Accredited Partner Posts: 5,234 Accredited Partner Accredited Partner

    Good job in helping yourself. I think it'd always more satisfying when you can solve your own problems.

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,137 Reckon Community Manager Community Manager

    If you can't find quite what you're looking for in the help menu come back and let us know here, I'm sure we can get you headed in the right direction.

  • GDBNCADMIN
    GDBNCADMIN Member Posts: 6 Reckoner Reckoner

    Wonderful - will do.

    Thank you :)

  • Zappy
    Zappy Accredited Partner Posts: 5,234 Accredited Partner Accredited Partner

    Honestly budgets in Reckon are worth the sticker price on its own. Easily the best of the SME software. An absolute pleasure to use

  • GDBNCADMIN
    GDBNCADMIN Member Posts: 6 Reckoner Reckoner

    Wonderful - will do.

    Thank you :)

  • GDBNCADMIN
    GDBNCADMIN Member Posts: 6 Reckoner Reckoner

    Hello again

    Final question for the day, I promise!

    So the best way to go about my budget forecast would be to do a P&L Prev Year Comparison Report ... work out how things are trending from there (increasing or decreasing in $$) ... and from that I can do a manual Budget looking forward which I can then compare to this financial year?

    I realise that I really must sound like I know nothing ... but it's Reckon One I'm more comfortable with.

    Looking forward to your thoughts.

    AM

  • Zappy
    Zappy Accredited Partner Posts: 5,234 Accredited Partner Accredited Partner

    Well you don't need the previous year. It might be totally useless as a guide. I would do the budget from scratch. You can always update as you go

  • GDBNCADMIN
    GDBNCADMIN Member Posts: 6 Reckoner Reckoner

    Roger that - thanks for the continued advice - I really do appreciate it.

    :)

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