The budgeting tool is extremely easy to set-up and contains a lot of very useful information. It contains a ‘Traffic Light’ to indicate if sufficient contingency funds are available for those unexpected costs that may occur during the year. It also tracks the monthly and cumulative cashflow.
The individual accounts contain a budget entry that may be linked to the Budget so that any updates to the Individual Account automatically update the Budget. A very simple and but effective feature that will save time and avoid having to update the Budget separately. Instructions on how to take advantage of this very basic MS Excel feature are contained in the complimentary Instruction Manual that may be purchased with the Virtual Office.