Pastel Types of Budgets
Pastel Accounting Partner stores the following budgets per general ledger account per period:
· Current Budgets These are the budgets for this year. During the year end procedure, Xpress copies the current budgets into the last year budgets.
· Next Year Budgets
These are budgets for the next financial year. You can create next year’s budgets at any time without affecting your current budgets. You can do this by copying combinations of other budget and actual values, by entering individual budgets for each account and by percentage adjustments. During the year end procedure, Xpress copies the next year budgets into the current budgets, and zeroes the next year budgets.
· Last Year Budgets
These are last year budgets. During the year end procedure, Xpress copies the current budgets to the last year budgets. Note that you cannot create or edit last year budgets.
Budget values do not have decimals. Further, you can also round budgets to any integer value such as 50, 100 or 1,000.