This guide provides an overview of the GL Budgets module. It is intended for advanced users.
You can create a general ledger (GL) budget for your revenue and expense accounts using the GL Budgets module. aACE also displays the budget's progress against your estimates once the Start Date has begun.
To access the GL Budgets module, navigate from Main Menu > Accounting > GL Budgets.
1. General Info
You can specify what offices, departments, entities, and business units are included in your GL budget. Additionally, you can choose a start date and duration (i.e. month, quarter, semi-annual, annual) for the budget.
2. Description
The Description text field is used to describe the purpose of the GL budget.
3. Budget Items
The Budget Items section displays all of your system's revenue and expense accounts. You can enter budgeted estimates for each of these accounts. aACE will list these estimates as either debits or credits.
Once you open the budget record, aACE will automatically update the budget with the current numbers for each of your accounts. You can actively track how your budget is doing by referring to these updates.
Clicking the Calendar icon (
) shows the account's budget by period:
