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How does budgeting work?
How does budgeting work?
Mark van der Genugten avatar
Written by Mark van der Genugten
Updated over 2 months ago

Do you want to have a clear overview of what you plan to spend and what you actually spend? InformerOnline makes it very easy to keep track of your budgets.

Using budgets

Setting a budget

To start using budgets in Informer, you'll need to assign a budget to each general ledger account. To set up budgets, follow the steps below:

  1. Navigate to Settings in the left-hand menu;

  2. Open a general ledger account to add a budget;

  3. In the field Budget per year, enter the available yearly budget for that account;

  4. Click Save to apply the changes.

Managing Budgets

Once a yearly budget is set for a general ledger account, Informer will track the available budget. To manage and monitor your budgets:

  1. Go to Overviews in the left-hand menu;

  2. Select Budgets.

The report will display the following information for each general ledger account:

  • General Ledger: Shows the total balance of all bookings on the account;

  • Budget: Displays the budget you entered for the account;

  • Difference: Shows the difference between the total booked balance and the budget. If the balance is positive, you're staying within the budget.

This overview makes it easy to track and manage your budgets effectively.

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