Budget

The Budget section in the admin portal allows you to create and manage budgets for your organization. A budget is a financial plan that outlines the projected income and expenses for a specific period, enabling you to track and control your organization’s financial performance. In this section, we will explore the functionalities and features available […]

Budget

The Budget section in the admin portal allows you to create and manage budgets for your organization. A budget is a financial plan that outlines the projected income and expenses for a specific period, enabling you to track and control your organization’s financial performance. In this section, we will explore the functionalities and features available for managing budgets.

1. Accessing the Budget Section

To access the Budget section in the OpenScope ERP SAAS admin portal, follow these steps:

  • Open your web browser and enter the URL: https://dev.openscope.in/admin/accounting/budget
  • Log in to your admin account using your credentials.
  • Once logged in, you will be directed to the Budget section automatically.

2. Budget Listing

The Budget section typically presents a listing of budgets created for your organization. The listing includes details such as the budget name, fiscal year, and any associated accounts or categories. This listing provides an overview of your organization’s budgets, allowing you to manage and track financial projections effectively.

3. Creating a Budget

To create a new budget, follow these steps:

  • Click on the “New Budget” or “Create Budget” button, usually located at the top or bottom of the page.
  • Enter the necessary information for the budget, including the budget name, fiscal year, and any relevant accounts or categories to include in the budget.
  • Define the income and expense projections for each account or category based on your organization’s financial goals.
  • Save the budget once all the details have been entered.

4. Editing or Deleting Budgets

In certain cases, you may need to modify or remove budgets. The Budget section often allows you to perform actions such as:

Editing Budgets: If permitted, you can edit specific fields or details of a budget, such as the budget name, fiscal year, or income and expense projections for accounts or categories. Please note that some restrictions may apply depending on the system configuration and any associated transactions.

Deleting Budgets: Exercise caution when deleting budgets, as it may impact your financial planning and reporting. Ensure that the budget is no longer required and does not have any dependencies before deleting it.

5. Viewing Budget Details

Clicking on a specific budget from the listing will allow you to view detailed information about that budget. The budget details page typically includes:

  • Budget Name: The name or description of the budget.
  • Fiscal Year: The period for which the budget is created, typically aligned with your organization’s fiscal year.
  • Accounts or Categories: The accounts or categories included in the budget, along with their income and expense projections.
  • Budget Totals: The total projected income and expenses for the budget period.

6. Exporting Budget Data

The Budget section may offer options to export budget data for further analysis, reporting, or integration with external systems. Look for export buttons or options within the section to export budgets in a suitable format such as CSV or Excel.

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