Budget and Distribution Sets

This guide provides step-by-step instructions on how to access and utilise the budget and distribution sets feature on the NexwaveERP accounting platform. By following these steps, users can easily navigate to the desired sections and make necessary changes to manage their budgets effectively.

Step 1: Navigate to the Accounting Homepage

Step 1

Step 2: Scroll down to the Budget & Cost Centre Area

Step 2

Step 3: Click "Budget"

Step 3

Step 4: The List View will show all the Budgets currently in the system

Step 4

Step 5: Select one of the budget records or Click "Add Budget" for new record

Step 5

Step 6: Within the Budget Record you can assign the Budget to a Cost Centre or Project

Within the Budget Record you can assign the Budget to a Cost Centre or Project. You can also link to the Fiscal Year and any Monthly Distribution Template.

For additional control over spending you can mark the budget as applicable to Material Requests, Purchase Orders and or Expenses. You can then determine if exceeding the budget simply warns the user or stops the expense from being processed

Step 6

Step 7: You can then assign the General Ledger Accounts and the budget amounts for…

You can then assign the General Ledger Accounts and the budget amounts for these accounts

Step 7

Step 8: If you wish to see how the Budget is allocated over the year, you can click on…

If you wish to see how the Budget is allocated over the year, you can click on the Monthly Distribution record to open this up

Step 8

Step 9: Within the Distribution Screen you can determine the percentage split for each…

Within the Distribution Screen you can determine the percentage split for each month.

Step 9

Step 10: By clicking in the line you can amend the values however the total must always…

By clicking in the line you can amend the values however the total must always equal 100

Step 10