Expense SubAccount Budgets do not roll-up into the Mother account.

Budgets are created for Expenses by month. However these are not rolled up into the mother account. All SubAccount entries must then be compiled and entered into the budget for the mother account.

For example: There may be several sub-accounts for Insurance. We know the monthly amount for Auto Insurance and Property Insurance and Inland Marine Insurance. However, when you compare the budget to the Actual the budget shows Zero dollars.

Then the amounts for each of the sub-accounts need to be added together and a budget created for the mother account.

by: Selway Corp d. | 2 days ago | General Ledger