Budget and Financial Forecasts

The planning function, with financial projections of costs, revenues, and liquidity, is integrated and available in all Banana Accounting applications. 
There are two operating modes:

1. Annual budget in the Accounts or Categories table
   A very simple and traditional method:
   • Enter the budget values directly in the Budget column of the Accounts or Categories table.
     More information is available on the web page annual budget in colum.
     Additionally, in the Accounts table, you can also add extra columns to manage different types of budgets.
     A useful case is adding a column dedicated to next year's budget, so you can plan the future while staying in the current year's accounting file.
     More details on the page Next year’s budget in the current accounting.
2. Comprehensive financial planning in the Budget table
   This is the most advanced and detailed approach:
   • Activate the Budget table and enter projected transactions, not only for costs and revenues, but also for liquidity.
   • The Budget column in the Accounts table is automatically updated based on the transactions recorded in the Budget table.

This method allows you to have a dynamic view of financial development, month by month or quarter by quarter, including liquidity. 

The following sub pages explain how to manage the budget in a double-entry accounting file. If you are using an Income and Expenses file instead, refer to the section dedicated to the budget by clicking the following link: https://www.banana.ch/doc/en/node/10225.

Comparison+between Budget in column and Budget in the table

Below is a comparison table between the budget in column in the Accounts table and the budget in the Budget table.