New year, new budget period in your free Purchase Order Software

Marina from California jumped on a chat with us yesterday, asking how to set up a new budget period for 2021…

“We are currently using SpendMap but I do not have the instructions to open a new period.”

If you are tracking time-based budgets in SpendMap (e.g. yearly, monthly, quarterly, etc.), you need to create/enable each fiscal period before you can enter the budget amounts for each Cost Center (department, project, etc.). Do this using the [CREATE NEW FISCAL PERIOD] button, in here…
– PURCHASING > Setup system > Cost center history/budget settings

TIP: If your new year’s budgets are the same or similar to a previous year’s budgets, when you create the new fiscal period per above, you will see an option to [Copy] a previous year…this will duplicate each Cost Center’s budgets, so you don’t have to enter the new year’s budgets from scratch. You can then modify/tweak the budgets for each Cost Center if you like.

You can enter or modify the budgets for each Cost Center, in the Cost Center Master File, in here…
– PURCHASING > Master Files > Cost Centers > Add/Modify/Delete

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