Plan the spending, then compare the actuals.
Create budget heads, assign ledger accounts to them, budget against each head and track the variance as the year goes on.
- Budget heads
- Linked to ledger accounts
- Variance view
What you can do with Budgets & Variance.
Budget heads linked to ledger accounts, with budget against actual variance.
Budget heads
A master list of budget categories, each with a code, name and status.
Assign ledgers
Assign ledger accounts to a budget head, so actuals are matched to it.
Create budgets
Set budgets against each head.
Variance
See how actual spending compares with the budget.
Expense reports
See spend by category and employee alongside your budgets.
Financial reports
Compare with profit and loss and the rest of your statements.
Spot overspending while you can act on it.
Because budgets connect to your ledger accounts, variance comes from your actual books rather than a separate spreadsheet.
- Budget heads with codes and status
- Ledger accounts assigned to each head
- Variance in its own view
- Expense reports for the detail
Budgets & Variance, step by step.
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1
Create heads
Define your budget categories.
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2
Assign ledgers
Link accounts to each head.
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3
Set budgets
Enter the budget for each head.
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4
Track variance
Compare actuals as they post.
Budgets & Variance questions, answered.
How do budgets connect to our accounts?
You assign ledger accounts to a budget head and budget against it.
Can we compare budget with actuals?
Yes. The variance view compares them.
Can budgets follow our own categories?
Yes. Budget heads are a master list you define.
Explore other Ledger modules.
Sales, purchases, payments and bank entries post to one general ledger, so every module works from the same books.
See Budgets & Variance in action.
Book a free Ledger demo and we will walk you through budgets & variance using scenarios from your business.