Budget Management

Budget management is the stepping stone to success for any business. SIMISE has developed an accounting module aiming to equip a business for efficient budget management. The persons using SIMISE Accounts can efficiently track and monitor the financial status of the business along with the plans. SIMISE makes use of the general and analytic accounting for ensuring efficient budget management.

For making use of SIMISE budget planning, a user has to configure three of the following features.

Budgetary Positions

Analytic Accounts

Budget

Budgetary positions can be explained as a kind of mapping of the general accounts with budgets. For creating a budgetary position, a user has to go to

Accounting>Configuration>Accounting >Budgetary Position

Here, the user can define all accounts linked to the budget.

Then Click on Select button

The user has to Save the changes to confirm the Budgetary position of the company.

The user can follow the same steps to make a revenue budgetary position. The only difference is that for revenue budgetary position one has to select relevant income accounts.