answersLogoWhite

0

A budget account is a type of account which tracks the budget for a company. It also keeps track of the expenditures and deposits of the company.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What does accounts department consists of?

budget and account


A smart and realistic budget accounts for?

The ultimate goal of a smart and realistic budget is to ensure that your expenses do not exceed your income.


Which local water budget variable best accounts for the peaks in the graph?

i shave


Who pays the bill when Congress overspends on its charge accounts?

Congress does not have charge accounts. Each Senator and representative has a budget that is under a government office that oversees the expenditures.


What does accounts receivable factoring entail?

Accounts Receivable entails balancing out invoices with cash and helping maintain a better balanced budget. Most people that handle such things are accountants who handle a company's financials.


Roles of finance in a company?

Functions of finance department are:Book keeping• Obtaining and managing finance•Budget control•Accounts Payable•Accounts receivable•Credit regulations and policies•Bills processing /Claim Processing


Outstanding Accounts receivable have a negative effect on net cash on the balance sheet?

Outstanding accounts receivable have a negative effect on the balance sheet because they money has not been received and the budget is not balanced. There is more outgoing cash than there is incoming cash until the accounts are settled.


Role of finance department in a company?

Functions of finance department are:Book keeping• Obtaining and managing finance•Budget control•Accounts Payable•Accounts receivable•Credit regulations and policies•Bills processing /Claim Processing


How are debt collectors fees treated when preparing a cash budget?

Frequently they will be classed as professional fees similar to those for accounts and legal teams


What are the elements of a Control Account?

Control accounts typically include a summary of related sub-ledger accounts, such as accounts receivable or accounts payable. They help to monitor and control the transactions within those sub-ledger accounts. Control accounts provide a high-level overview of the financial position and activity within a specific area of the business.


How to create a budget in quickbooks pro?

You can create budgets for either Profit and Loss accounts or Balance Sheet accounts by fiscal year.To do this taskGo to the Company menu, choose Planning & Budgeting, and then click Set Up Budgets.Note: If a budget currently exists, the most recent budget will be displayed in the Set Up Budgets window.Click Create New Budget.Choose the fiscal year for the new budget, and choose Profit and Loss (income and expense) or Balance Sheet accounts.If you choose Profit and Loss, you can specify additional criteria of either Customer:Job or Class, if class tracking has been turned on.Choose whether you want to create the budget from scratch or from the previous year's actual data.Click Finish to create the new budget.


Why is my mint budget not adding up correctly?

Your mint budget may not be adding up correctly due to errors in inputting transactions, discrepancies in categorizing expenses, or issues with syncing accounts. Double-check your entries and settings to ensure accuracy.