1 Table: "Which Budget Style Do I Need?"

1 Table: "Which Budget Style Do I Need?"

  Dashboard Basic Budget Entry Custom Budget Entry
Screenshots (click to expand)
Simple Definition • lists all accounts in the dept
• states amt budgeted, update info, approval & locked status of each acct
• 12 months for all accounts plus spread methods
• If necessary, you can still drill down to itemize
• Design your own column format
• Structure like a financial report with variances & comments
Key Features • Lock Account
• Mass Approvals
Immediate value entry on screen • User defined columns (not rows)
• Historical comparisons/variances
• Input - Multi-year, Annual only, etc.
Pros/Why Use This • Users must drill into each acct
• Multiple line items
• Encouraged to itemize expenses
• If users complain about drilling down
• If you have simple needs
• If values are pre-vetted, you just need to collect the monthly totals per accounts
• Don't care about the details
• Suits custom needs
• Starting entry point can be a comparative financial report
• You can force the user to explain variances with summary comments in advance
• Finance will not have to collect, import, aggregate & determine the cause of variances
• Eliminates the need to hunt Managers down for explanation
Cons/Downside • Can be cumbersome for users who want to enter one line of values per account
• Best functions as a control tool for Budget/Finance Dept
• Users must drill down into each Acct to do data entry
• Discourages itemization
• Spreading on historical budget/actual will only update after save & search.
• Users must drill down into each Acct to do data entry
• May overwhelm users with too much data

    • Related Articles

    • Basic Budget Entry Article

          Tutorial Link   Basic Budget Entry  is used for entering and viewing budgets within two tabs:  Dashboard  Account Details  Other entry and viewing screen options are the  Budgeting Dashboard , and the Custom Budget Entry .  The Dashboard tab ...
    • *Overview-Core Budgeting Styles

      There are three feature areas with the "Budgets" category: Core Budgeting Start from a budget dashboard tracking status information or a comparative financial statement format Directly entering monthly or annual budget values per G/L account Basic or ...
    • Custom Budget Entry Article

         Tutorial Link Custom Budget Entry is used for entering and viewing budgets.   As discussed in the Define Custom Budgets Entry Forms, all of the columns can be user defined. Custom Budget Entry has two tabs: Dashboard and Account Details. Other ...
    • Basic Budget Entry Tutorial

      PDF Tutorials  Interactive Tutorial Cropped Screenshots Full Page Screenshots           Purpose: This is a basic method for entering and reviewing your budget. Other Related Tutorials & Page Links: * Step by Step Tutorial-Custom Budget Entry * ...
    • Custom Budget Entry Tutorial

      PDF Tutorials  Interactive Tutorial Cropped Screenshots Full Page Screenshots           Purpose:  To create a custom dashboard view for entering and reviewing your budget. Other Related Tutorials & Page Links: * Step by Step Tutorial-Basic Budget ...