BUDGET
Understand how planned income, budget allocations and recorded spending come together in your monthly budget.
5 min readBEFORE YOU START
Budget amounts describe how you planned to use your income. Actual spending comes from recorded transactions during the selected month.
Planned Income provides the starting amount for the month
Total Budgeted shows how much income has been allocated
Available to Budget shows income that is still unallocated
Actual Spent and Remaining to Spend track activity against the plan
STEP BY STEP
Planned Income is the amount available for your monthly budget plan before you allocate money to individual expense categories.
Planned Income describes the amount available for budgeting. It is not the same as recorded income in your transaction report.
Total Budgeted combines the amounts assigned to your budget categories. Available to Budget shows how much planned income has not yet been allocated.
These two figures answer different questions. Available to Budget is about planning, while Remaining to Spend is about actual spending against your allocated budgets.
PLANNING
SPENDING
Available to Budget can change when you change category budget amounts. Remaining to Spend changes as recorded spending is compared with those budgets.
Actual Spent comes from recorded transaction activity. Comparing it with Total Budgeted shows how much of your overall budget remains.
Actual spending comes from transactions recorded against the categories included in your budget.
The Budget Summary gives you the overall monthly position. Fixed and Variable sections then explain which categories are using the plan.
READ THE BUDGET IN TWO PARTS
Your monthly budget separates how income has been allocated from how recorded spending is progressing against those allocations.
AED 15,000 − AED 12,000
AED 3,000 availableAED 12,000 − AED 8,500
AED 3,500 remainingBudgeting does not create spending. Actual amounts are provided by the recorded transactions associated with your budget categories.
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