Budget management in Odoo help us to know our financial status against the planned financial details. Budget management plays an inevitable role in a successful business. It is the analysis, organization and oversight of costs and expenditures for a business or organization.

1. Budget Management In Odoo

2.  Budget management plays an inevitable role in a
successful business.
 It is the analysis, organization and oversight of costs and
expenditures for a business or organization.
 Managing a budget requires adhering to strict internal
protocols on expenditures.
 A well-managed budget allows for continued smooth
operations and growth.
 Thus, Budget management in Odoo help us to know our
financial status against the planned financial details.

3. How to manage a financial budget ?
 Step 1: Install the Accounting & Finance Module.

4.  Step 2: Enable Budget management feature.
 Select Accounting menu > Configuration > Settings >
Accounting & Finance

5.  If we want to be precise and point specific invoices and
vendors bills to our budget, you should enable the
analytic accounting as well.
 If we don’t we will only be able to budget the total amount
of general accounts.

6.  Step 3: Create Budgetary Positions.
 Select Accounting menu > Configuration > Management
> Budgetary Positions > Create

7.  Moreover, budgetary positions are the general accounts
for which you want to keep budgets (typically expense or
income accounts).
 Create Budgetary name.
 Add items to select the accounts.
 In addition, you can add what accounts relates to our
project’s expenses. Create a position and add items to
select the accounts.

9.  Step 4: Create Analytical account.
 Select Accounting Menu > Advisers > Analytic Accounts >
Open Charts

10.  Step 5: Set a Budget.
 Select Accounting menu > Advisers > Budgets > Create
New Budget

11.  Set Budget name.
 Create Budget lines (Add an item).

12.  Finally, select the Budgetary Position related to the
Budget Line and Set the Planned Amount. As we are
recording a cost, we need to specify a negative amount.
As a result, select the corresponding analytic account.
 Finally, confirm the Budget.
 In short, this is how Budget is managed in Odoo.

14. THANKYOU
Email: info@technaureus.com Skype: technaureus | Tel: +917902290343 | www.technaureus.com