Budget for special project
Jacqui Knight_10675870
Member Posts: 2 Novice Member
We are a New Zealand charity using Reckon Accounts Hosted. We already have set up a budget for our main funding model: administrative, magazine and shop sales. However, we now have a separate special project which we have given a Class, and we're wondering if we can set up another budget specifically for that project.
We have received a grant from a funder which needs to go towards specific aspects of the project. The budget for this special project has different expense items, e.g. travel, postage, printing etc) and I am finding it hard to keep tabs on whether we have exceeded our budget on postage but still have some to spend on travel etc.
We have received a grant from a funder which needs to go towards specific aspects of the project. The budget for this special project has different expense items, e.g. travel, postage, printing etc) and I am finding it hard to keep tabs on whether we have exceeded our budget on postage but still have some to spend on travel etc.
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Comments
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When you set it up choose Class *Budget by Class); but you will also need to set up the Admin one as a class0 -
Jacqui. There is another way that you can potentially handle this. You could set up another Group of Accounts with a header of say Special Project and then set up the required other expense accounts such as Travel, Postage and Printing etc as sub accounts under this heading. You will not get the same type or report as one using Classes, but at least all of your expenses for the project would be grouped together.
John L G0 -
Thanks for these! I appreciate your thoughts. We will give them a go.
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