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Creating budgets
Creating budgets

Adding budgets into Float

Jane Gilhooly avatar
Written by Jane Gilhooly
Updated over a week ago

What are budgets?

Budgets in Float are like placeholders for cash that might come into or leave the business, allowing you to build up a picture of how the future might look. Budgets are expectations for future cash flows. We think of them like empty buckets which fill up with invoices, bills, and paid transactions 🪣.

How to create a budget

To start, click on the plus sign or into a cash flow cell for the relevant account, selecting the ‘Create budget’ option from the modal that displays.

Clicking ‘Create budget’ will bring up the options for setting the budget. Here you will set:

  • A budget name (eg. customer/supplier name, project title, account name)

  • How often the budget occurs

  • Budget start and end date (when you expect money to enter or leave the business)

  • Budget amount, either fixed or increasing/decreasing (including any tax)

In the 'budget occurs' field are the following options:

  • Once

  • Every week

  • Every 2 weeks

  • Every month

  • Every quarter

  • Every year

If choosing ‘Once’ the budget will occur one time in the cash flow, on the date specified. However, each of the other options will repeat on the chosen frequency between the start and end date.

When entering an amount, Float is able to suggest budgets, based on the historical data that has been synced. You can find out more about setting a budget based on historic averages here

Once you’re happy with the options, select save and the budget will be added to the cash flow.

To learn more about budgeting, check out these articles:
What are budgets?
Increasing and decreasing budgets
Edit a single budget
Edit multiple budgets

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