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Questions & Answers

Q: Do you have budget software for hotels?

A: Sorry, nothing specifically for hotels. However you can add any line items you like to our Budget Tool to suit any business. Our full range of budgeting software can be seen at bizpep.com

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Q: Is this a tool for SETTING a budget in quickbooks, or is it a tool for MONITORING AND MAINTAINING a budget by 1) setting it up, and 2) regularly uploading P&L data to compare to that budget.

A: It is both. It allows you to create and upload budget values to quickbooks and monitor your budget from quickbooks in this case you simply need to create the budget and iff file and import to quickbooks and you are done with the compiler. Alternatively (most common use) you use the compiler as your budget tool and set up your budget in the compiler and then as the year progresses export actual data from Qucikbooks (or input it manually if you want) for each month and monitor the budget in the compiler. If you do it this way you do not have to upload any iff data to quickbooks ie all budgeting is in the compiler but just uses the export quickbooks values to set it up and then update it with actual values.

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Q: I am trying to forecast for a new business for years 1-3, I have inputted total values on the input page for the forecasted figures for the first year but that does not give me the correct monthly figures on the budget by month master. How do I input my opening monthly figures so they appear on the budget by month master?

A: The base figures input on the input sheet are for the current year, on the Budget by Month Master these are displayed in the Current Year column (column C). If you want these figures to apply to Year 1 set the Relative Indicators on the input sheet for Year 1 to 100% (Level of Competition to Fixed Cost Efficiency) this means that there is no change from the current to year 1 values. The Percentage Contributor on the Budget by Month Master determines the spread of the Year values across months by adjusting these you will adjust the percentage annual revenue allocated to each month. Following years are forecast based on the Relative Indicator used for each year. Hope this helps. FYI the Budget Tool Business bizpep.com

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Q: I am using your trial version to see if our organization can use this to populate a cash flow and budget. Currently we have to manually enter each number into an excel sheet once a month across multiple projects that we have set up as classes in quick books. Can this software be modified, or Quickbooks itself, to be able to include individual salaries and other specific row categories so we can budget for those individuals? I don't believe we want to create a new lin e item (if that's what it is called) for each person so that it will show up as a row on the P&L. We would want it mostly to be able to upload back into the Quickbooks budgeting.

A: Not really, possibly you could manually adjust budgets/lines to achieve what you require and then have this converted to an Imp.iff file for importing to QuickBooks however this would most likely be as time consuming (possibly more) as your direct Excel method currently used.

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