Create a Project Budget

Before you can perform this task

To create a project budget:

  1. Open the Budget tab in the project record. How?
      1. In the Home window, click Projects on the navigation pane.
      2. In the Task pane, right-click the Projects icon and select Modify Project from the menu.
      3. Select a project from the list and click OK
      4. Click the Budget tab.
  2. Select the Budget this Project box to open the budget window in this tab, and fill in the budgeted revenues and expenses for each period.

To create a detailed project budget (Premium)

  1. Open the Budget tab in the project record. How?
      1. In the Home window, click Projects on the navigation pane.
      2. In the Task pane, right-click the Projects icon and select Modify Project from the menu.
      3. Select a project from the list and click OK
      4. Click the Budget tab.
  2. Select the Budget This Project box and click Details.
  3. Add the project accounts to the Accounts column by entering the account name manually or clicking the line below the last account entered and selecting one from the list that opens.
  4. Fill in the total amount in the Total Amount line on the project's Revenue and Expense tabs.
  5. Enter the budgeted amounts for each period for every account in the budget. Sage Simply Accounting Premium displays only the current fiscal year. Sage Simply Accounting Enterprise displays both the previous and current fiscal years as well as the next four fiscal years.

Tip: Use Allocate to accounts and Allocate to periods in the Edit menu to distribute expenses and revenues evenly across all accounts for the duration of the project.

Note: If you make a mistake while entering your budget amounts, it might be easier to click Clear Account Details and begin again.

Note: If you want to exclude a project from your reports, select the Inactive Project box at the bottom of the window. 

What do you want to do?

Generate project budget reports

Update your budgets