To create a new budget, specify the budget name, select a budget template, choose the fiscal year, and designate the budget type (monthly, quarterly, half-yearly, and yearly).
Additionally, input the amounts for income and expenses, then proceed to create a new budget.
Before creating a new budget, it's essential to first generate a budget template. To do so, fill out the form fields for the template name, average calculation, income account types, and expense account types.
