Budget (SAP B1)

A budget is a planned or expected cost or amount that is allocated to a cause, project, Cost centredepartment, etc. is available. In SAP Business One, this is an approved cost structure for a measure or project within a certain period of time.

Budgeting differs from cost planning in that it is binding. While you have to estimate the costs as accurately as possible in the planning phase, you define your funds in the form of a budget in the approval phase.

With the budget functions in SAP Business One, you can monitor and control expenditure and income in a targeted manner. But SAP Business One goes even further: the integrated Load function prevents additional transactions as soon as a set budget is exceeded. This blocking function protects companies from unintentionally exceeding the set financial limits and helps to ensure sound financial control.

Automated budget calculation for precise planning

SAP Business One also makes annual budget planning easier: the system can automatically calculate budget amounts based on various Distribution methods. These methods can be flexibly defined for each calendar month, allowing for customised planning. Suppose you expect income or expenses to increase by a certain percentage - SAP Business One allows you to increase the amounts accordingly and apply them to the budget items.

On Impact can be distributed evenly across all accounts or applied gradually, which means you have detailed control over how the budget is distributed. Example: If you are planning a 5% increase in total expenditure for the coming year, you can have this increase automatically added to the previous year's budget. Alternatively, you can also define specific accounts with higher or lower premiums in order to adapt to the company's priorities.

Versino Financial Suite

the Versino Financial Suite makes budget management in SAP Business One more efficient, transparent and secure. It offers centralised overviews, extended analysis and drill-down functions, automated monitoring and flexible export options.