Budgets

Budgets are an overview of planned costs, revenues, and resources over a specified period of time. Dynamics NAV allows you to create budgets for fixed assets, items, sales and purchases, and projects. But we will focus on general ledger budgets in this section.

With the general ledger budget feature, you can create multiple budgets for the same time periods, simple or complex budgets by selecting combinations of G/L accounts, periods, and dimensions. You can also copy budgets from previous periods or create your budgets outside the application, with Excel, and then import it into Dynamics NAV.

Creating budgets

Let's create a new budget for the first quarter of 2017. Perform the following steps:

1. In the Search box, type G/L Budgets and select the related link.
2. Once on the G/L Budgets page, click on New on the ribbon bar. Create a new budget with the values shown in the following screenshot:
   

3. Click on the Edit Budget option found on the ribbon bar.
4. In the View by field, select Month...