The budget report section contains two system reports: Monthly Budget and Quarterly Budget. The criteria screen has a budget year selector (1), a farm selector (2), and a GL account selector (3). You’ll choose the desired budget year from the drop down, then you’ll select your farms and GL accounts.
Monthly Budget Report
The monthly budget report shows a list of the selected GL accounts and their monthly budgeted amount for the selected budget year and selected farms.
Quarterly Budget Report
The quarterly budget report shows a list of the selected GL accounts and their quarterly budgeted amounts for the selected budget year and selected farms. The quarter column headers will update on the report to match the current farm’s fiscal year. For example, if your selected farm has a July fiscal start, your first column will be Jul-Sep, the second column will be Oct-Dec, etc.
The GL accounts on each report are grouped by their normal balance into an income group for credit normal accounts, and an expense group for debit normal accounts. The difference of the total budgeted income and total budgeted expenses is then shown as a total budgeted net income for the farm. All budget numbers on the system reports are rounded to whole dollars.