Using the Budget Wizard
Using the Budget Wizard
ProfitSee instantly analyzes your financials to recommend a budget. Quickly adjust for trends, seasonality, or mid-year changes in business strategies in any account.
To generate a budget
- Step 1: Log into your ProfitSee account and click the “Budgeting” Tab
- Step 2: Select the “Budget Wizard” Tab
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Step 3: Click on the “Generate new budget” button in the upper right hand corner of your ProfitSee window
- Step 4: Select the year you want to create a budget for and click “Generate”
ProfitSee generates a budget for you based on your previous years financials. If you would like to make modifications after generating the budget this can be easily adjusted.
To change the values for an account in the Budget Wizard, click on the “Monthly Forecast” column of line item you would like to update and the following pop-up will appear.
The first 2 lines show you the actual financials from the previous 2 years. The third (bottom) row allows you to manually edit any months' values for the line item you are viewing.
Adjusting/ Creating the Budget by Trend
If you would like to create or adjust a budget for any one of the line items based on a straight percentage increase/decrease, you can do so by clicking the "Trend" button in the far right column next to the specific line item you want to adjust.Adjusting/ Creating the Budget by Trend