Stay on Top of Your Budgets with Dynamics 365 Business Central

Stay on Top of Your Budgets with Dynamics 365 Business Central

Budgeting in Business Central

Most companies conduct some form of budgeting activities ranging from summary to highly detailed. These are usually in the form of spreadsheets and are time consuming to maintain. Dynamics Business Central can help you streamline your budgets and tracking needs so that you can focus on the big picture.

Budget for Your Business

With its dimensional chart of accounts structure, Business Central lets you budget and report actuals by your cost centers, revenue generators, locations, department, items, general ledger accounts, or any of your key business drivers. The system will keep track of actuals and provide real time comparison reporting via its dashboards and advance reports.

For organizations that have multiple companies, Business Central allows you to have budgets for each company and can assist you with consolidating the budgets across companies.

Managing Your Budgets

Budgets can be done by year, quarter, month, or even by day to model different scenarios. Once created, budgets can be adjusted based on how your organization is preforming. You can setup an approval workflow so that changes are tracked and approved.

Business Central also allows you to export your budgets to Excel and so that you can use all the great spreadsheet editing capabilities when preparing or editing your budgets. This will allow you to quickly fill out all line items (or edit them) in a budget, and then simply import them back into the system.

For companies that use cost budgets, Dynamics Business Central allows you to have cost budgets with an easy system to manage cost types. Item and sales budgets are also supported.

Whether you are doing Incremental based, activity based, or zero cost budgeting, Business Central offers you tools needed to prepare, track, and report budget vs actual. Request a demo to learn more.

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