Managing your business finances can be complicated, we grant you that. That’s why we made it easier thanks to Collabox. This is your best tool for planning your fiscal year thanks to, among other things, a budget and an income statement. Isn’t that great? This tool is directly integrated into the accounting functions of Collabox. To use it, just follow the steps below. With that, good planning!
Go to the menu bar at the top of the page and click on the “Accounting” category: All your budgets for past years and the current year will then appear: Now you just have to choose the budget year you want to work on. How to have access to management tools?
In the menu on the left, locate the “Accounting” section and click on the “Income statement” tab:
To make your job easier, Collabox also allows you to forecast your expenses and income during the budget year.
By clicking directly on the year, you access the planning portion of the tool. This allows you to forecast your income and expenses for the year to avoid surprises later. Income overview for the current fiscal year Overview of expenditures for the current fiscal year. When you are in the income or expenditure overview, each line corresponds to a budget item. To make your forecasts, Collabox offers you four possibilities to enter your forecasts (annual, monthly, weekly and divided). Choose the option that matches your needs from the drop-down menu. The “Divided” option allows you to enter arbitrary and different amounts for each month. For our example, we have chosen the “Divided” option. Once the choice is made, all you have to do is click on “Divide” at the end of the line on the right. When done, don’t forget to save! Procedure for forecasting expenditure
To determine your income and expenses, click on the “Income” and “Expenses” tabs. You will be able to choose the estimated amounts for your coming year.
It only remains to indicate the amounts in the boxes.
During the year, you can compare your forecasts and your results at any time. To do this, you must click on “Consult the income statement”.
Collabox directly displays your report for the budget year you have chosen.
You can also choose the period you want by using the drop-down menus at the top of the table to change months and years.
