The boss planned how much he wanted to spend and when, and spent that amount in those times. So we want to enter $100 per month against each luxury account (Expense:Take away, Expense:Toys, Expense:Holidays) and have GNUCash add up the numbers as time goes on.Įg 1 is 'budgeting' from an accounting perspective. So we enter in all of our known expenses into our budget, and figure out how much we can allocate to all of the "luxury" plans we have. So we want the ability to save up for these throughout the year. We think it is important to regularly fun stuff - eating out, toys for the kids, holidays, etc. Money is always tight, but we make do quite well. Oh well, still worth the extra productivity - happy boss!Įg 2 - We're a family of four. The forklift gets paid for and delivered in April as planned - but cost $200 extra because it was imported from overseas and the exchange rates changed. So, knowing the forklift will need a $1000 deposit, I budget $1000 in March, and then $9000 in April for it. I've entered all my predicated revenue and expenses into my budget for this financial year, and have found that by April next year I'll have a spare $10,000 to buy that extra forklift that will raise productivity. 4.2 Ability to look at Budget Evolution over timeīefore getting into the types of budgeting it is worth considering some fundamentals that apply to all budgets.Įg 1 - I'm a successful small business.1.6 Saving up money for a big purchase in a budget.1.5 Budget "Categories", and grouping budget accounts in Gnucash.1.1 What is a budget? (And what kinda isn't).
0 Comments
Leave a Reply. |