The Accounting Journals Statutory Taxes and Chart of accounts

178 Use the menu Accounting → Budgets → Budgets to define a new budget by clicking on New button. Figure 14.17: Budget form Tip: Budget Revisions Even though you can modify a budget at any time to make a revision of it, it is best if you do not do that. Rather than edit an existing budget document, make a new version so that you can keep your original estimates safe for comparison. This lets you analyze your changing perspectives of the company from revision to revision. Begin data entry by entering a Name, a Code, and a Start Date and an End Date in your new budget. Then you can define the budgeted amounts within that period, one by one. For each, you define: • an Analytic Account • a Budgetary Position : for example Sales or Purchases, • a Start Date and End Date for the use of the budget, • a Planned Amount in the default currency of the chart of accounts. Once it is completed you can save your budget. To print a budget and make calculations of expenditure to budget use the menu Accounting → Budgets → Budgets Open ERP then gives you a list of available budgets. Select one or more budgets and then click Print Budgets to create the report for each in a date range of your choosing. The figure Printing a budget gives an example of a budget produced by Open ERP. Figure 14.18: Printing a budget You could also use the menu Accounting → Reporting → Generic Reporting → Budgets → Budget Lines. This gives a budgetary analysis report for each budget line. 179

14.3.3 The Accounting Dashboard

You can open the Accounting Dashboard using the menu Accounting → Reporting → Dashboard → Accounting dashboard . Figure 14.19: Accounting Dashboard Open ERP gives you an accounting dashboard that can be presented to your accounting staff as they sign into the system if you have set it as their Home Page. This dashboard provides an analysis of the company’s financial health at a glance. The description of the different parts of the dashboard, from top to bottom then from left to right is as follows: • Customer Invoices to Approve : gives the list of invoices waiting to be approved by an accountant. • Company Analysis : gives the credit,debit and balance of all account type. • Treasury : shows balance per Account • Aged receivables : gives a weekly graph of the receivables that haven’t yet been reconciled. In each panel of the Accounting Dashboard you can click the Zoom button at the top right to investigate the detail of your financial indicators. The Accounting Dashboard is dynamically integrated, which means that you can navigate easily through the data if you want more detail about certain factors, and edit the entries if necessary.