import { Callout, Steps } from ‘nextra/components’

Set Up a Budget

Goal: Create a budget period that can be used to plan spending, record expenses, and review financial performance.

Set up the budget header first, then add the budget details. This keeps the period, name, and overall context clear before you start entering individual lines.

Before you start

You must have permission to create or edit budgets.
Confirm the budget period before creating the record.
Make sure the accounts you need are available in the chart of accounts.

Steps

### Open Budgets

Open Finance and go to the budget list.

Create a new budget

Select the action to create a new budget.

Enter the budget identity

Add a clear budget name and choose the start and end dates for the period.

Use a name that is easy to recognise later, such as the vessel name plus the period or the operating season.

Review the initial values

The budget total and current spending may be shown as read-only figures. They become useful after you add budget details and start recording spending against the budget.

Save the budget

Save the record, then open it again if you need to add or adjust the budget details.

[PLACEHOLDER: screenshot - new budget form with name, dates, total, and current spending]

Result

The budget period is created. You can now add detailed budget lines and use the budget for expense allocation and spending review.

Manage Payment Information Manage Budget Details