Budgeted Income and Expense

Expected income is budgeted and affects the Net Gain/Loss line on the Balance Sheet. It also increases an asset account (such as Accounts Receivable) in the month in which it is budgeted, and it is amortized away from that line according to the Amortization Schedule. 

Expected expenses are budgeted. They affect the Net Gain/Loss line on the Projected Balance Sheet. They also increase a liability account (such as Accounts Payable) in the month in which they are budgeted, and they are amortized away from that line according to the Amortization Schedule.

Use the Standard Income/Expense template for any SPW line that is budgeted to an income or expense account.

Standard Income/Expense Template:

The default Amortization Schedule will be applied on every budgeted SPW line. You can use the Cash Flow tab to override that if you wish.