At it’s simplest level, preparing a budget in Phoenix is a matter of filling out the spreadsheet with details of anticipated incomes and expenditure, check or enter the opening balance and save the file so that you can see it again or use it for comparisons.
Steps to prepare a simple budget:
1.Select the Budget button on the Phoenix toolbar
2.Check or set the period that you want to budget for. See To Set the Period.
3.Set the Opening Balance for the budget. See To Enter or Edit the Opening Balance.
4.Enter the data.
a.Systematically, move the cursor to each category displayed.
b.Move to appropriate months in each category.
c.Enter income or expense data as required.
5.Note that totals for each category and month, and balances are automatically calculated as you go.
6.Using the Save button on the toolbar, save the budget regularly during this process. Give the budget an appropriate name when first saving the budget.
7.Print the budget, and review it for accuracy.
More detail on entering data:
