Spend against a plan, and see the gap early.
Budgeting and cost centres lets you set what each department, project or branch should spend, then holds the actual figures against it month by month. Because purchases and expenses are checked at the time of entry, you hear about an overrun when it is about to happen, not in a review three months later.
Sets budgets by department, project, branch or product line and compares them with actuals every month. Can warn or block when a purchase or expense goes over budget.
Inside the module.
Department budgets
A budget for each department, with its own spending heads.
Project budgets
Track what a project was meant to cost against what it has cost.
Branch and product line
Budgets by branch or by product line where that is how you plan.
Budget versus actual
Monthly comparison showing where you are over and where under.
Warn or block
Choose whether an over-budget purchase or expense is flagged or stopped.
Part of 4 products.
Multi-entity Accounting
This multi company accounting software keeps separate books for each of your companies, firms and branches, and gives you the…
View Business softwareFinancial Management Software
This financial management software is the accounts side of an ERP: sales, purchase, stock and payroll post to the ledgers as the…
View Business softwareProcurement Software
This procurement software puts every purchase through the same path: indent, quotation, approved purchase order, GRN and bill.
View Business softwareBusiness Intelligence and Dashboards
This business intelligence software, made for owner-run companies in India, replaces the MIS report someone builds in Excel…
ViewQuestions, answered.
Is a cost centre the same as a ledger?
No. The ledger says what the money was spent on, such as freight or repairs. The cost centre says which department, project or branch it was spent for. One entry carries both.
Can an over-budget purchase still go through?
That is your choice. You can set the system to warn and allow the entry, or to block it when the budget is crossed.
How often are budget and actual compared?
Every month. Actuals come from the entries already in the books, so nobody has to compile a separate statement for the comparison.
Which Kreon products include budgeting and cost centres?
Multi-entity Accounting, Financial Management Software, Procurement Software, Business Intelligence and Dashboards. It can also be added to a custom system.
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