How to set up account budgets

Setting up account budgets in Sage 50 Accounting allows you to allocate revenue and expenses to different departments over a certain period of time.

Activate budgets in the General (Accounts) module

1. Create a backup.
2. Open the company file in single user mode.
3. Go to Setup, Settings, then General (Accounts), Budget.
4. Check the box for Budget revenue and expense accounts.
5. Select the Budget period frequency from the dropdown list.
6. Select OK.

Set up account budgets

1. Open the Chart of Accounts.
2. Double-click on a revenue or expense account to open the Chart of Accounts Records.
3. Select the Budget tab.
4. Check the box for Budget this Account.
5. Enter the budget amount into the Total budgeted amount field:
6. Select Allocate to Period button to allocate amount to the selected period. This divides the budget amount equally between the period chosen. You can reallocate the budget manually as desired after clicking the Allocate to Period button.
7. Select Allocate Dept. button to allocate the available budget on the period to the departments. This divides the budget amount equally between the departments. You can reallocate the budget manually as desired after clicking the Allocate to Dept. button.
8. Select Save and Close.
9. Repeat Steps 2 to 8 on all revenue and expense accounts that you need to budget.