🛡️ Section 18
Budgets, cost centres & approvals
Spending control for growing teams. All under the Accounting menu.
Cost centres
Tag income and costs to departments, projects or branches. Set a default per location. See results in P&L by cost centre.
Budgets
Set a budget per account for a period, then compare actual against budget.
Approvals
Set approval limits. Transactions above the limit wait in Approvals until a manager approves or rejects them.
Tax set-off
Offset input tax against output tax (GST/VAT) and see the net payable.
Keeping spending in check
- Approval limit: set ₹50,000. A store manager's ₹75,000 purchase waits in Approvals until the owner approves it. A ₹20,000 purchase goes through straight away.
- Budget: set the October marketing budget at ₹30,000. By 20 October you've spent ₹27,000, so the budget report shows 90% used.
- Cost centres: tag Main Store and Branch 2 as separate cost centres to see which branch is more profitable.
- Tax set-off: GST collected on sales ₹18,000, GST paid on purchases ₹11,000, so net GST payable is ₹7,000.
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