This article explains how to create an account budget in Qoyod to allocate financial resources and track expenses at the account level, which improves financial planning and resource management.
Path in Qoyod
Accounting › Budgets › Create New Budget
Steps
Step 1: Access the budget creation page
- From the “Accounting” menu, go to “Budgets”.
- Click “Create New Budget”.
Step 2: Choose the budget type
- Item Budget: coming soon.
- Account Budget: based on financial accounts. Choose this type to proceed.
Step 3: Enter budget data
- Reference: starts automatically with “Budget #”. Can be edited to be unique.
- Description (optional).
- Name in Arabic (required).
- Name in English (required).
- Fiscal year: the current year is set by default. A prior year cannot be selected.
- Accounts: choose the accounts to include in the budget (multiple accounts can be selected).
Step 4: Additional information (optional)
If there are dimensions linked to the accounts, they can be linked to the budget from the budget settings.
Step 5: Attach documents (optional)
Supporting documents can be attached to the budget (Reports or additional files).
Step 6: Save the budget
Click “Save” to create the budget. You can review and edit it later from the “Manage Budgets” page.
Notes
- The option to delete accounts used in the budget is disabled. They can only be archived.
