Create an Income/Expense Plan
- Sílvia Loureiro
- Nida Nur Çelik (Unlicensed)
1. Create an Income/Expense Plan
1.1. Prerequisites
A user with create permissions can generate a new Income/Expense Plan for a particular budget.
1.2. How to
To create an Income/Expense Plan 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/Expense Plan 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/Expense tab, which will open the Income/Expense list panel.
1.2.4. Click on the "Create" button, this action will open the panel to create a new Income/Expense.
1.2.5. When the Plan option is selected to create a planned Income/Expense, the form below will open.
Categories are used to organize, sort, and group similar things together to facilitate understanding, navigation, and management.
Groups refers to a specific division, department, or section within an organization that focuses on a particular function, project, or aspect of the business. It helps structure and organize an organization's activities and resources based on specific goals or functions.
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With Repeat, choose how often the schedule will occur. In the Method section, selecting 'Per Each' will cause the amount to repeat for every occurence. Selecting 'Total' will distribute the amount equally for each occurence.
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Example:
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1.2.6. Please complete the required fields.
1.2.7. When creating a new Income/Expense Plan, ensure that you supply all the required information, including having at least one defined Income/ Expense in the "Add Plan" section to proceed.
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1.2.8. Click Add.
1.2.9. Proceed by clicking on “Create” button.
1.2.10. If you want to add a Plan to an Income/Expense Plan later, click the three dots icon next to it then choose “ Create Income Plan” option. The following "Add Plan" screen will open.
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1.2.11. After creating, view the details by expanding the arrow.
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1.3. Constraints
When it comes to Create an Income/Expense, there are a few important considerations.
1.3.1. You have the option to create an Income/Expense with more than one Income/ Expense.
1.3.2. It's also possible to successfully create different Income/ Expense 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 Income/ Expense successfully.
1.3.4. Additionally, if you don't have the necessary permissions, you'll encounter difficulties when trying to create an Income/Expense.
1.4. Issues that may arise
When you're attempting to Create an Income/Expense, 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.