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Reporting: Budget - Add Budgets for Balance Sheet accounts

Ability to add budgets in the balance sheet accounts.

Purpose: It’ll make it easier for users to see the figure when they're budgeting in Xero.

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AdminXero Team (Admin, Xero) shared this idea  ·   ·  Report…  ·  Admin →
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Accepted  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Thanks for keeping the conversation going on this, everyone. It's clear that having the ability to create budgets for Balance Sheet accounts is a really popular idea, and we hear the manual workflows you're having to use when it comes to forecasting.

The go-to option for now (as shared by some in this idea) is to export your data into a spreadsheet to build out your budgeted Balance Sheet and cash flow forecasts.

I know it's not the outcome you're hoping for here, but we want to be upfront about where things stand. Right now, building this feature isn't in our plans. We have to make some tough calls on what to build next, and while this isn't on the current roadmap, the feedback you've all shared here is incredibly valuable for our future planning.

Please keep the ideas and feedback coming to show your support for this idea. 

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  • kirsten Reid commented  ·   ·  Report

    Users: Please also vote for this Idea below to make changes happen! Many thanks

    Reporting - Budgets by tracking category to integrate with master overall budget

  • Paul Cooksey commented  ·   ·  Report

    Basically makes the Budget tools worthless without this.Other softwares have it.

  • Dean Weaver commented  ·   ·  Report

    School's are required to submit Balance Sheet budgets under the Education Act, therefore the ability to populate these into Xero would great assist compliance and reporting.

  • Graham Mayhew commented  ·   ·  Report

    Lack of a budget option for balance sheet accounts is disappointingly limiting and will lead us to look elsewhere.

  • Damien Deery commented  ·   ·  Report

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    Paul-John Mudie commented
    · May 31, 2023 11:41 · Report
    "Xero Team shared this idea February 18, 2013"

    10 years later... yawn.

    ------

    I've heard yawning is contagious. If we all yawn enough eventually xero will grow tired and just get it done

  • Daniel Doulton commented  ·   ·  Report

    If you want to manage to cash (not P&L), this is critical. We have regular large CapEx spend items that suck the life out of our cash budgeting (and it often comes in different schedules than originally budgeted, etc...).

    Why can't we see a cash view which after all is THE MOST IMPORTANT aspect of managing a small business. Not P&L which is an accounting view - nice and all, but won't stop you failing.

  • Heather McEwan-Nugent commented  ·   ·  Report

    a budget set up in Xero is not complete if it does not show how the balance sheet is impacted/forecasted

  • Saurabh Jain commented  ·   ·  Report

    The budgeting process cannot be complete if you cannot do it for Capital Expenditure. This is an important feature which Xero must have.

  • Maree Jackson commented  ·   ·  Report

    Please amend your budget set up to enable us to select all accounts from the chart of accounts, Balance Sheet & Profit & Loss Account, to be included in the Budgets. At the present time Xero only allows for P & L Accounts. This is therefore not a true budget for the business & true forecasting cannot be carried out. Loan payments & asset purchases must be able to be forecast & included in the budgets.

  • Sahib Singh commented  ·   ·  Report

    Can this this function be added please
    Looks like people have been trying to get this for years now

  • Paul-John Mudie commented  ·   ·  Report

    "Xero Team shared this idea February 18, 2013"

    10 years later... yawn.

  • Cypress Consulting commented  ·   ·  Report

    We manage property development projects and need budgets to be allocated to balance sheet accounts.

    Has such a function been developed yet? Shouldn't be that hard.

  • Pavan Soomal commented  ·   ·  Report

    We have budgets for expenses and fixed assets. If Xero were to facilitate balance sheet nominals on budget reports, this would make our life so much easier.

    It does not make sense to have a separate budget on excel for balance sheet items, you should be able to have one budget report with all the nominal codes that will be used for that budget.

    We need to present the report weekly so having to use both excel and Xero will be unnecessary time spent.

  • Marc Foskett commented  ·   ·  Report

    As per all comments below. This cant be a major task to amend.

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