To create an Income or Expense within the Budget Management settings, follow these steps:
1.2.1. Go to the Budget Management panel.
1.2.2. Choose the budget for which you want to create an Income or Expense by clicking on the budget name link. This will take you to the overview page.
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1.2.3. On the left-hand side, click on the Income or Expense tab, which will open the Income or Expense list panel.
Create an income typically refers to a planned and intentional action of generating revenue, while Create an Unplanned Actual refers to unexpected or unplanned income that was not accounted for in the original budget.
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1.2.4. Click on the "Create Income" button, this action will open the panel to create a new Income.
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1.2.5. Please complete the required fields.
1.2.6. To create a new Plan, make sure you provide all the necessary information.
Categories are used to organize, sort, and group similar things together to facilitate understanding, navigation, and management.
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1.2.7. When creating a new Income, ensure that you supply all the required information, including having at least one defined payment in the "Add Plan" section to proceed.
1.2.8. Fill in the required fields.
Note that the Currency is automatically set to the value chosen during the Budget creation process. If necessary you can Add Payment with a different currency ratio.
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1.2.9. Click Add
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1.2.10. Proceed by clicking on “Create” button.
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To be able to delete a payment you’ll need to have at least two planned payments created.
1.3. Constraints
When it comes to Create a Plan, there are a few important considerations.
1.3.1. You have the option to create a plan with more than one planned payment.
1.3.2. It's also possible to successfully create different planned payments with different currencies, where you'll need to specify the ratio (which determines how much of one currency is required to exchange for the equivalent value of another currency).
1.3.3. However, if you forget to fill in a required field, you won't be able to create the plan successfully.
1.3.4. Additionally, if you don't have the necessary permissions, you'll encounter difficulties when trying to create a plan.
1.4. Issues that may arise
When you're attempting to Create a Plan, there are a couple of potential issues that might come up.
1.4.1. If you don't have create permissions for the budget you're working with, you may run into issues.
1.4.2. Additionally, if you forget to fill in the necessary fields, an error message will be displayed.