How to create a budget in ThinkOut?

Get through the steps of creating your company's budget.

Bianca Antohe avatar
Written by Bianca Antohe
Updated over a week ago

Start adding inflow and outflow budgets for the coming months and monitor your monthly actual transactions. Edit your budget as many times as you need in order to reflect the reality of your business.

Add new budget estimates

To add new estimates, click the red Add Budget button and fill in the fields on the form. If it's easier for you, you can add budgets by clicking + in each cell.

Check Repeat value until if you need to have the budget for the next months. If it's a one time value, leave it unchecked.

Not sure how to start?

Take a look at your financial history, see how your business is influenced by seasonal events and don't forget about any investments you may want to make. If you need help, keep in mind that you can always ping us on our chat (the red button from the lower-right side of all pages).

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.

If you use the Include predictions button, then ThinkOut will use both actual transactions and cash flow predictions in order to calculate the Realized value. Use this button to see a comparison of your estimated budget versus what is promised to happen (cash flow predictions).

Try to periodically check your budget together with your cash position and make edits where necessarily in order to get the clearest image possible about your next months. Take care of your company's future with ThinkOut.

Did this answer your question?