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Microsoft Dynamics GP 2013 Financial Management by Ian Grieve

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Chapter 3. Budget Creation and Maintenance

One of the most important accounting tools for a business is the budget, which is generally created on an annual basis to outline the expected needs of each department or business area.

A major benefit of budgets is the ability to control spending on certain operations by restricting the funds available for spending, which can require managers and buyers to find new vendors or suppliers to meet budget limits.

Budgets also allow companies to plan for future growth and expansion, and allow the creation of a financial roadmap.

Dynamics GP provides a flexible and easy-to-use budget creation and maintenance utility, which allows for comparison to the previous year's actual and budget figures during the budget ...

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