DAXKO ACCOUNTING - BUDGET

Login

  • Go to Accounting.Daxko.com
  • Login using your assigned Daxko Accounting User ID and Password.

DAXKO ACCOUNTING - BUDGET

Enter Budgets

To enter budgets: Click the Budgeting tab at the top of the screen>click Manage/Enter my Budgets under Budgets.

DAXKO ACCOUNTING - BUDGET

  • Open Status Budgets - Select the next year operating fund.

DAXKO ACCOUNTING - BUDGET

  • Accounts to Budget - Choose which accounts are to be included in the Account List. You can drill down as far as needed. For instance selecting a branch will return all branch activity and adding a department will include only transactions for the selected department.

The account selection can also be refined using a number of filters:

Account Budget Status - Choose Not Started, In Progress, Review or leave blank for all.

Account Name - Filter the results for a GL account name.

DAXKO ACCOUNTING - BUDGET

Account Budget Imbalance - Show accounts for which the monthly Budget Spread does not equal that Annual Budget.

The accounts returned in the Account List will only include GL accounts that the user has access to. If the user filters only on branch then the report will only include departments and accounts that are assigned.

To update the forecast, click on the GL account number in the Forecast List.

  • Budget by Expense/Revenue Items - Not used

DAXKO ACCOUNTING - BUDGET

  • Budget by Total Amount and Spread - Click the + to expand

  • Annual Goal Amount - Enter the annual budget from the Department Summary Worksheet.
  • Spread - Enter the monthly spreads from the Department Summary Worksheet.
  • Add a New Comment - Add comments as needed to explain major variances to the current year.
  • Save

Note: The system allows entry of dollars and cents. Make sure that all Annual Goal Amounts and all Monthly Spreads are all whole dollars.

DAXKO ACCOUNTING - BUDGET

Submit for Review

When budgets are complete, Executive Directors have the ability to Submit for Review. This can be accomplished for individual accounts by clicking the Submit for Review button at the top of the Enter Budget page or by selecting multiple accounts from the Account List and clicking the Submit for Review button.

DAXKO ACCOUNTING - BUDGET

Once a budget is in Review status, no changes can be made at the branch level. If further changes are needed, the account(s) will be changed to In Progress status to allow changes. When changes are complete they can again be Submitted for Review.

DAXKO ACCOUNTING - BUDGET

Annual Budget Comparison Report

The Annual Budget Comparison report gives variances between the proposed budget and the current year forecast and well as comparisons to the previous year. The actual from two years prior is also shown to help visualized historic trends.

Because the primary budget comparison is to the current year forecast, it's imperative that the forecast be as accurate as possible. Errors in the forecast will skew the comparison and allow inaccurate assumptions to be carried into the budget.

To access the Annual Budget Comparison Report: Click the Budgeting tab at the top of the screen>click Annual Budget Comparison under Reports.

DAXKO ACCOUNTING - BUDGET

  • Fiscal Year - Select the CURRENT fiscal year.
  • Select Budget Group - Default
  • Account Selection and Display - Choose which accounts are to be included in the report. You can drill down as far as needed. For instance selecting a branch will return all branch activity and adding a department will include only accounts within the selected department.

The transactions returned will only include GL accounts that the user has access to. If the user filters only on branch then the report will only include departments and accounts that are assigned.

DAXKO ACCOUNTING - BUDGET

  • Display Account Rows For:
  • Entire Account Numbers - Will show the Fund, Branch, Department and Account such as 1-010-101-2540 Program Supplies.
  • Major Accounts - Will show the total all activity for an account line such as 2540 Program Supplies
  • Major Account Groups - Will show the total of an account class such as 25 Supplies.
  • Display Options - These fields control what and how data is displayed in the report.
  • Summaries & Statements
  • Display Summary Worksheets - This option will show one summary worksheet and a second tab that gives only Total Revenue, Total Expense and Net for each Branch or each Department.
  • Display Statement Worksheets - This option will show one summary worksheet and tabs containing worksheets with the detail for each Branch or each Department.
  • Create Report - Run the report in Excel or as a PDF using the buttons at the bottom right. The PDF option is not available if a Summary Worksheet or Statement worksheet are selected.

DAXKO ACCOUNTING - BUDGET

Budget Report

The Budget report gives annual budget amounts and monthly spreads.

All budget amounts should be whole dollars and agree to the Department Summary Worksheet.

To access the Budget Report: Click the Budgeting tab at the top of the screen>click Budget Report under Reports.

DAXKO ACCOUNTING - BUDGET

  • Fiscal Year - Select the NEXT fiscal year.
  • Budget - Will default based on the fiscal year entered.
  • Account Selection and Display - Choose which accounts are to be included in the report. You can drill down as far as needed. For instance selecting a branch will return all branch activity and adding a department will include only accounts within the selected department.

The transactions returned will only include GL accounts that the user has access to. If the user filters only on branch then the report will only include departments and accounts that are assigned.

DAXKO ACCOUNTING - BUDGET

  • Display Account Rows For:
  • Entire Account Numbers - Will show the Fund, Branch, Department and Account such as 1-010-101-2540 Program Supplies.
  • Major Accounts - Will show the total all activity for an account line such as 2540 Program Supplies
  • Major Account Groups - Will show the total of an account class such as 25 Supplies.
  • Display Options - These fields control what and how data is displayed in the report.
  • Summaries & Statements
  • Display Summary Worksheets - This option will show one summary worksheet and a second tab that gives only Total Revenue, Total Expense and Net for each Branch or each Department.
  • Display Statement Worksheets - This option will show one summary worksheet and tabs containing worksheets with the detail for each Branch or each Department.
  • Columns - Budget by Month
  • Create Report - Run the report in Excel or as a PDF using the buttons at the bottom right. The PDF option is not available if a Summary Worksheet or Statement worksheet are selected.

DAXKO ACCOUNTING - BUDGET

Logout

  • Click "Accounting" in the top right corner and select Logout.