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A Budget is a plan for the GL accounts in your general ledger. These are typically used to plan revenue and expense accounts (Income Statement accounts) but can also be used for Balance Sheet accounts. A GL Budget stores all the budget amounts, by fiscal period, for each GL Account. Users can configure multiple GL Budgets for a single Fiscal Year but only one can be assigned as the ‘Report Default’ at any given time. The others are used to store different versions. |
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