Streamline your Budgets with Dynamics 365 Business Central

Most of the companies conduct some form of activities related to budgeting, ranging from summary to highly detailed. These activities are mainly in the form of spreadsheets and are time-consuming to maintain. Dynamics 365 Business Central can help you to streamline your budgets which is not only cost-effective but also saves your time so that you can focus on the big picture.

Budget for Your Business

Dynamics 365 Business Central Business Central allows to lets you budget and report actuals by your ‘Cost Centers’, ‘Locations’, ‘Revenue Generators’, ‘Items’, ‘G /L Accounts’, or any of your key ‘Business Drivers’ with its dimensional chart of accounts structure. The system will keep track of actuals and provide real-time comparison reporting via its dashboards and advance reports.

For those business organizations that have multiple companies, Dynamics 365 Business Central allows you to have budgets for each company and can assist you with consolidating the budgets across companies.

Managing Your Budgets

Budgets can be adjusted, based on how your organization is performing as budgets can be done yearly, quarterly, monthly, or even on a daily basis. You can set up an approval workflow so that changes are tracked and approved.

Dynamics 365 Business Central also allows you to export your budgets to Excel and so that you can use all these spreadsheet editing capabilities when preparing or editing your budgets. This process will allow you to quickly fill out all line items in a budget, and then simply import them back into the system.

For companies that are using cost budgets, Dyn365 BC allows you to have cost budgets with an easy system to manage cost types, Item, and sales budgets.

Whether you are doing ‘Incremental based’, ‘activity-based’, or ‘zero cost budgeting’, Business Central offers you the tools needed to prepare, track, and report budget vs actual.

MetaOption is a Microsoft Gold Certified Partner and offers business extensions for Dynamics 365 Business Central. Every Dynamics 365 Business Central extension is seamlessly integrated into the Microsoft Dynamics world.

Frequently Asked Questions

How does Business Central help streamline budgeting?

It centralizes budgeting, tracks actuals in real time, and reduces manual spreadsheet work through automation and dimensional reporting.

Can I create budgets for multiple companies in Business Central?

Yes. Business Central allows individual budgets for each company and also supports consolidated budgeting across companies.

Does Business Central allow exporting and importing budgets from Excel?

Yes. You can export budgets to Excel for quick editing and then import them back into Business Central for processing.

Can budgets be adjusted during the year?

Absolutely. Budgets can be updated monthly, quarterly, yearly, or even daily, and approval workflows can be added to manage changes.

What types of budgeting methods are supported?

Business Central supports incremental budgeting, activity-based budgeting, and zero-based budgeting, along with cost, item, and sales budgets.