Use this feature in order to easily create and monitor the budget of your company or project.
The budgeting section is built on 2 levels: budgeted and realized. This will help you to compare what you aimed to happen versus what really happened in your company from a financial perspective.
The budgeted section sums all inflow and outflow estimates that you set for the next period.
The realized section comprises all real transactions (imported from your bank or cash accounts). You can choose to include here the predictions as well in order to get an idea of what is promised/known already from what you estimated. Read more about the difference between a budget estimate and a cash flow prediction.
You will notice this classification of budgeted vs. realized in the indicators border on the top of the page and in the table from below too.
Keep in mind that the values from the first row of data from each cell are estimates. You will notice the bolder font. Therefore, the values from the second line are the actual, concrete transactions.
By default, the budget section will display the same category structure that you use for your cash flow, but there's an option to choose only some of the categories that you want to work with here.
The budgeted values are set and can only be changed at a monthly level.
Set up your budget in ThinkOut in order to test multiple business scenarios and check what impact your decisions have on your overall business.