Creating a new budget

Create budgets for all your categories to plan for your future and track historical income and expenses. Use your budgets in PocketSmith to help stay on track with your earning and spending.

Creating a budget on the Budget page

1. Head to the Budget page

2. Each of your categories will be displayed on this page, ready for budgeting.

   Navigate to the category for which you would like to create a budget and click Start, or click + New budget in the toolbar.

   

   

3. The budget form will open, where you can set up your budget.
4. You can choose from either the SIMPLE BUDGET FORM or the ADVANCED OPTIONS form. For more on this: Budget forms for creating or editing budgets.
5. Once you have entered all the details for the budget, click Save

6. This category will now display on the Budget page as a budgeted category

   
   

   

Creating a budget on the Calendar page

1. Head to your Calendar

2. Click on New budget or the day you would like your budget to occur on (or to start on, if you are setting up a repeating budget)

   
   

   

3. The budget form will open, where you will be able to set up your budget.

   
   

   You can choose from either the SIMPLE BUDGET FORM or the ADVANCED OPTIONS form.

   You can read more on these forms and their options here: Budget forms for creating or editing budgets.

4. Once you have entered all the details for the budget, click Save

5. This budget will now display on the Calendar page on the date it is set to occur

   
   

   

   
   

   Note

   If the checkbox Show actuals in history is ticked, then you won't see any past budgets on your calendar; instead, your actual transactions will be displayed. To see past budgets, untick Show actuals in history.

6. You can click any budget event on the calendar to edit it.

   After making changes to a repeating budget, click Update to see options for managing how the changes are applied. Learn more here:  Options for applying changes to a repeating budget

   Tip

   Every budget you create will be applied to your forecast (such as the forecast graph at the top of the Calendar page). The more budgets you add, the more accurate your forecasted balances will be, and you'll be able to see how your finances look projected into the future!

Creating a budget on the Trends report

1. Head to the Trends report

2. Choose a category from the category list on the left of the page

   

3. Click +Start budget in the toolbar

   

4. The budget form will open, where you can set up your budget.
5. You can choose from either the SIMPLE BUDGET FORM or the ADVANCED OPTIONS form. For more on this: Budget forms for creating or editing budgets.
6. Once you have entered all the details for the budget, click Save