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Do I enter my budget as positive or negative values?

Written by Sam Seymour

In your planning tab Figured outlines all of your accounts from your accounting software's chart of accounts.

For your budgets and forecasts you need to enter your $ values against these accounts as either positives or negatives, depending on the account type and if you're wanting to reflect an increase or decrease in bank account balance.

Expenses: Positive, money going out. Negative, money coming in
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Income: Positive, money coming in. Negative, money going out
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Non-operating movements: Positive, money coming in. Negative, money going out

Non-operating movements and movements in equity accounts can reflect both money going into and out of your bank account, ensure you enter these accurately.Β 

A positive amount represents money coming in and a negative amount represents money going out.

For expenses (including non-operating expenses) you enter outgoing costs as a positive, and a negative would be a credit note or refund. For income (including non-operating income) you enter this as a positive, and a negative would be a credit note or refund.
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