Predefined Financial Plans

In Business4x website, a budget refers to a predefined financial plan or estimate that helps track and manage projected revenues and expenses for specific departments or projects, facilitating effective budget allocation and monitoring within the organization.

Budget Allocation

• Create different types of budgets like operational and developmental.
• Create multiple budget lines and link it with chart of accounts.
• Allocate budget to each budget line for a specific period.

• Manage budget revision and track its history.

Budget Reports

There are multiple reports for analysis and monitoring of budgets. 

• Every report has filters for comparative analysis of budget period wise or project wise. You can filter the report according to dates, budget types, branch, project etc. 
• It can be downloaded into PDF and exported as XLSX. 

• You can fold and unfold to see the detailed breakdown.

Expenditure

• This section of budget is linked with account section. They make entry in account payables and it reflects in Expenditure section of budget.

• Make expenses at accounting module as per budget available and get alerts if expense exceeds the limit.

Budget Surrender

• The remaining or exceeded budget at the end of period completed can be submitted to donor.

• System automatically passed journal entries.