Enter Store Budget

Budgets are vital as they enable effective financial planning and control, ensure operational efficiency, and support strategic decision-making. By forecasting cash flow, setting performance targets, and managing costs, budgets help retailers optimise resource allocation, achieve sustainable growth, and navigate financial challenges. This section provides guidance on leveraging budgeting tools to enhance your retail business's financial stability and operational success.

To enter a budget, follow these steps:

1. Select a Date Range: Choose any range that fits your needs.
2. Enter the Budget: You can input the budget amount directly or select a percentage increase or decrease (use a negative value for decreases, e.g., -22.5%). The system will automatically calculate the budget based on this input, which you can modify as needed.
3. Adjust Values: Modify any values as required.
4. Save Your Budget: Click "Save" to apply the changes.
5. You will be asked if you wish to print a budget sheet

Note: For Enterprise edition users, this data will be synced to the cloud.

When calculating budgets, the system compares similar days. For instance, when determining the budget for Sunday, September 1st, it will use sales data from the closest corresponding Sunday from the previous year (in this case, Sunday, August 27th). This approach ensures a more accurate comparison.