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This text refers to program version 4.3  

Introduction to the Budget Register

The Budget register allows you to enter a budget for the company - Account for Account.

FirstOffice provides various budgeting models, which can be combined in different ways. For example:

• absolute amounts, budgets with values for each month
  

• annual basis with key values - a budget showing how the annual values are distributed over months.

It is possible to change a budgeted value during the current accounting year. This may be tempting, if actual balances differ very much from those budgeted. It is, however, advisable to leave the budget unchanged, to enable a realistic evaluation of the quality of the budgeting process. Budgeting is a way of guessing about the future, and learning to become a good guesser is an important quality of a manager.

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