Entering multiple budgets for one financial year in one company file

Question

We have entered in one budget for Profit and Loss which is our original for FY2024.

As the year has progressed, we want to upload additional budgets to perform reforecasting against actual performance.

Essentially we want to be able to work with 2 and more budgets throughout the year.

Is it possible to have more than one budget in one company file for a year, or does Accountright only allow for one budget per FY?

Leneth_A · Answer

Hi, thank you for getting back to us and for explaining more information about your concern. 
 
Upon further investigation of your concern, it appears you are correct. By default, it is only possible to have one budget per month throughout the year. However, if you would like a change to be brought to this preference, we encourage you to post your suggestion on our Product Ideas Exchange Board for consideration.

Feel free to come back to the Community Forum if you have any more questions, we are more than happy to assist. 
 
If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 
 
Cheers,  
Leneth

Teatree11 · Answer

Hi Leneth,

I've read the instructions and it does not show how you can keep multiple full year 12 month budgets for one financial year in one company file. I do not wish to override anything in the original full year 12 months for FY24 that I have entered, I just want to have additional versions of full 12 month budgets ready in MYOB that I can choose to use. At the moment, it looks like for "This Financial Year FY 2024" there is only one edition of Profit and Loss, and Balance Sheet each - is this the case that you can't have multiple versions of full year profit and loss budgets?

Leneth_A · Answer

Hi, thanks for your post. I would like to extend to you a warm welcome to the Community Forum. We appreciate you flagging your concern to us. We apologize that you are facing issues entering multiple budgets for the financial year in one company file and we thank you for your patience and understanding. 
 
Regarding your question, yes, it is possible to have more than one budget in one company file for a year. You may go to the Accounts command center >> Click Accounts List >> Accounts List window appears >> Click Budgets at the top of the window >> Prepare Budgets window appears >> From the Financial Year list, you may now choose whether you want to enter a budget for this financial year or the next one.

Our Help Article Entering budget amounts has detailed information and instructions to assist you further.

Feel free to post again anytime you require further assistance. 
 
If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 
 
Cheers,  
Leneth