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Blytheco Home | Sage Software | Sage MIP Fund Accounting | Modules | Budget Module
Budget Module |
| The Sage MIP Fund Accounting Budget module
expedites the creation and tracking of available budget
for your grants, programs, departments and extends your
power to report on all these areas. |
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| Smart, Flexible and Easy
to Use |
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Flexible “smart” budgets—Create
budgets for any timeframe, including multiple
fiscal years and cross fiscal year budgeting
for grants. Create and maintain an unlimited
number of budgets simultaneously at the level
you need whether it be grant, program, department,
project or any combination. The system verifies
budget figures automatically before creating
entries. Add notes and comments to record budget
assumptions, methods or justifications directly
in system to create a permanent record of the
budget comments upon adoption. |
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Easy budget development—Create customized
budgets for your grants, programs, and cost centers
through direct entry or by using built-in tools
to automate the budget entry process. Generate
the current budget based on a previous year’s
actual activity and budget. Create current-year
budget while comparing prior year actual and
budget figures. |
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Spreadsheet-style entry—Whether adjusting
your current budget or generating next year’s
budget, process entries quickly and easily in
the familiar spreadsheet-style Budget Worksheet
directly in the system. Cut, copy, paste, and
add formulas with ease. Work a lot with spreadsheets?
Easily copy data between Microsoft Excel or any
spreadsheet and the Sage MIP Fund Accounting
budget worksheet tool. |
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Performance Monitoring Made Simple—Establish
service level performance goals for your programs
and use the finance system to track both dollar
and unit measures. Perform unit cost breakdowns
and comparisons. Easily track and report government
grant performance results requirements. |
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Adjustments made easy—Enter adjustments
en masse using the timesaving modification tool.
For example, increase the budget by a percentage
or spread a fixed dollar increase, etc. Availability
of comparative budget figures makes budget amendments
fast as you view the impact of your adjustments.
Use the revisions worksheet and view original
budget while entering either the budget adjustments
or revised budget figures. |
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Budget collaboration—Let your managers
submit their proposed budgets directly in the
system for review. This module allows for direct
entry budget submissions from multiple departments.
Consolidate submitted worksheets for organization-wide
review and adoption. |
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Enforce budget compliance—One mouse click
lets you easily check for available budget during
transaction entry. Check at the individual account
level or a category of accounts such as “personnel
expenses.” Activate warnings that can prevent
entries that would result in an over-budget situation. |
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| Advanced Reporting Options: |
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Flexible budget inquiries—Check
budget balances quickly and easily within the
system. Review budgeted amounts, money spent,
committed funds, and available budget. Easily
drill-down to the detailed entries that comprise
the balances for a complete audit trail. |
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Decision-making financial reports—Produce
comparative statements for your management staff
and board of directors illustrating the budget
to actual position for your programs, grants,
departments, and more. Report on multi-year budgets
and grantor budget cycles. |
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Forecasting—Use a variety of tools to estimate
future periods and calculate forecasted financial
position. “What if” analysis for
smart decision-making becomes a cinch. |
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Budget analysis reports—The analysis reports
contain specialized summary and detail style
budget to actual reports for budgeted accounts.
View prepared budgets before their adoption.
Select from the numerous ready-to-use reports
or create your own. |
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Track budget versions—Maintain and report
on an unlimited number of budget versions and
track revisions. Generate detailed budget entry
reports from the customizable budget transaction
registers, including budget justifications. |
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| Maximize the Budget Module
by using it with other integrated Modules: |
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Account level security Comprehensive
security and access controls allow you to easily
limit the use of the budget entry features to
allow entry by only authorized personnel. |
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Executive View License Simplify complex management
planning. Provide program managers, department
heads, or other key staff limited access to system
budgeting and reporting tools. Let management
personnel check budget balance and collaborate
in the budgeting process by submitting their
own budget worksheets directly in the system
for review. |
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Integrated with the General
Ledger Budget figures
are available on multiple system reports automatically.
Additionally, you can configure the system to
warn or prohibit entries that create over-budget
situations when posted to the general ledger. |
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Check for available budget Before recording transactions,
such as purchase orders or requisitions, check
for available budget. With a single click, you
can view the budget impact of the current transaction
allowing you to make informed decisions. |
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Eliminate duplicate entries If you must compile
your budget elsewhere, you can still take advantage
of Sage MIP Fund Accounting budget reporting
and checking functions by importing your budget
figures using the Data
Import/Export module. |
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| Back to Sage Fund Accounting
Modules |
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Questions for our Fund Accounting Specialist? Please call us at (949) 583-9500 x130 or
email us at
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Accounting and Fundraising White Papers |
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