Planning and control are prerequisites of good financial management, so NV2 provides extensive and powerful budgeting capabilities.
Budget amounts use the same report arithmetic as actual amounts so you can:
Budgets are optional; you can budget any or all accounts for any or all periods. You can also use budgets for purposes other than planning. For example, they can be used for customer credit limits or minimum inventory levels.
With NV2 you can budget for any period and budget amounts can be adjusted at any time to reflect changing conditions. You can also have multiple budgets that correspond to a variety of scenarios. Budgets amounts are not affected by financial transactions in the books and are identified by partition tags that have been designated for budget amounts.
Budget amounts are added to posting accounts on reports in the Budget window. The budget amount for a total account is the sum of the budget amounts for accounts that total to that account. In addition to the Budget window, budget amounts can be displayed in Single Period Report windows (within the reports) and Multiple Period Analysis windows (within the reports and accounts).