budget report
Mike or Penny Novack
stepbystepfarm at mtdata.com
Mon Jun 3 08:38:29 EDT 2013
>I only uses budget report to track income and expenses.
>
>
Joe,
That's misuse of a budget report, misunderstand of what a "budget" is.
You use the budget feature to PLAN income and expenses for the time
period.
You use the actuals (Income Statement) report to TRACK what the
income and expenses for that time period were.
If your budget report said that you plan was OK (enough income to cover
expenses) and then your actuals indicate you are remaining "within
budget" you are OK. But if the actuals indicate that you are going "over
budget" (too high expenses or too little income) then you are in trouble
and need to make adjustments.
Michael
PS -- this isn't a gnucash thing (same for ANY system, even pen and ink
on paper)
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