Hello,
Is it possible to create a budget for the coming year, based on the actual numbers (without doing it manually) ?
Thank you,
Hello,
Is it possible to create a budget for the coming year, based on the actual numbers (without doing it manually) ?
Thank you,
Hi Valdrin Sermaxhaj ,
Great question! Yes, in Sage 50 Canada, it is possible to create a budget for the coming year using actuals—without having to key everything in manually.
Here’s how you can approach it:
Start with last year's actuals: Export or reference actual financial data from the prior year. This is a common method to establish a baseline for budgeting, especially when using a historical approach.
Use the budget import feature: You can import or update account-level budgets using a spreadsheet, which makes things much easier than entering them one by one:
How do I import or update account budgets in Sage 50?
Choose your budget type: Whether you’re budgeting by account or by project, it’s important to understand how each option affects reporting:
Budgeting in Chart of Accounts vs Projects module
When ready, you can print your totals too:
Print a report showing your total budget for the year
Let us know how it goes. If this helps, please mark it as verified :)
Best regards,
Erzsi
*Community Hub is the new name for Sage City