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The general budget

Item of income or expenditure of the general budget may have one or more budget records that indicate how much money and for what purposes will be reserved. In the record, you can specify a fixed amount or a rate of flow of funds for these purposes.

For example: you can specify the expected monthly influx of $10,000 as wages, or indicate that during this year the income of $120,000 is expected, those records are equivalent.

From the effective date of a budget record, the program will charge the amount for the corresponding budget item on the daily basis, so that it is clearly seen how much money can be spent for certain purposes at this time.

For example, if a record scheduled the expense in the form of $50 a day for food, then a day later the item of the general budget for the purchase of products will have a size of $50, two days later $100, and a week later $350. Assume that after this week it was spent $400 on food in a supermarket, then the budget item will be set to ($50), and you will need to wait a certain period of time until the amount enough for the next purchase is accumulated.

Thus, there will always be obvious how the actual spending relates to the planned one and how much money for what purposes you can spend right now.

Likewise, the general budget shows how much money must be received or earned to date.

Negative deviation indicates the degree of violation of the budget, positive the degree of savings for this item, zero offset means strict adherence to plans.

For each budget item the program calculates the quality of execution indicator and displays it as a dial with values from "-" to "+". Summing indicators by item, the program calculates the overall quality of execution of the budget as a whole. Additionally, the program calculates the budget violation index, which is equal to the number of the budget items identified as "problem" at the moment. Two indicators together allow you to instantly assess the degree to which your current finances comply with your budget prospects.

Formation of the general budget.