Managing budgets is an essential part of running a business. Budgets help people become more intentional with the way money is spent and direct people to organize and prioritize their work to meet financial goals. They allow you to plan your desired financial outcome and then measure your actual performance against the plan. Odoo manages budgets using both General and Analytic Accounts.

1. Budget Management
in Odoo 15
Enterprise
www.cybrosys.com

2. INTRODUCTION
❖ Managing budgets is an essential part of running a business.
❖ Budgets help people become more intentional with the way money is spent and direct people to
organize and prioritize their work to meet financial goals.
❖ They allow you to plan your desired financial outcome and then measure your actual performance
against the plan.
❖ Odoo manages budgets using both General and Analytic Accounts.

3. ❖ Goto Accounting > Configuration > Settings
❖ Activate Budget Management and Analytic Accounting and Analytic Tags

4. ❖ Goto Accounting > Budgets
❖ Click on Create

5. ❖ See budgetary position of research income

6. ❖ See budgetary position of research costs

7. ❖ Goto Customers > Invoices
❖ Click on Create

8. ❖ Product Sales account we have added inside the budgetary position research income.
❖ Click on Confirm

9. ❖ Goto Accounting > Budgets
❖ See the practical amount is updated

10. ❖ Goto Customers > Invoices
❖ Click on Create
❖ Click on Confirm

11. ❖ Goto Accounting > Budgets
❖ See the practical amount is updated
❖ Click on Entries

12. ❖ View all the journal items related to that budget line

13. ❖ Goto Vendors > Bills
❖ Click on Create

14. ❖ Salary Expense account we have added inside the budgetary position research expense.
❖ Click on Confirm

15. ❖ Goto Accounting > Budgets
❖ See the practical amount is updated
❖ Click on Entries

16. ❖ View all the journal items related to that budget line

17. ❖ Go back to budget
❖ Click on Add a Line
❖ If you are recording a cost we need to specify negative amount.

18. ❖ Goto Customers > Invoices
❖ Click on Create
❖ Choose analytic account
❖ Click on Confirm

19. ❖ Goto Accounting > Budgets
❖ See the practical amount is updated
❖ Click on Entries

20. ❖ See Analytic Items

21. ❖ Goto Reporting > Budgets Analysis
❖ Budget analysis report generate the summarise report that compares budget amount to actual
expenses and revenue activity to during period.
❖ Different views of budget analysis report are,
1. List
❖ Filter and group by budget analysis report

22. 2.Pivot
❖ Click on Insert in Spreadsheet

23. 3.Graph - Bar Chart

24. ❖ Various measures and favourite for budget analysis report

25. Line Chart

26. Pie Chart

27. For More
Details
Check our company website for related blogs and Odoo
book.
Odoo Book V15
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videos in Odoo.
Budget Management in Odoo 15

29. Thank You