Upcoming Product Features

(Budgeto's Release History Below) 

 

We have been constantly developing and improving Budgeto over the last 5 years, with more than 65,000 budgets from all over the globe generated through our platform. 

Take a look at all our upcoming features and improvements currently in development! 


Adding Assumptions, Legends, and Table of Contents in your Reports

On a business plan, assumptions are the base rates, pricing, and items associated with factors in the report. They offer a more detailed set of information of what's to come in your reports. 

Assumptions on a business plan can be in the format of: comments, hypothesis, legend, table of contents (TOC), etc. As of now, the ability to directly add assumptions in your exported reports (PDF/Excel) is not supported in Budgeto.

  

However, Budgeto does offer a few workarounds in order to successfully add your assumptions in your business plan and exported financial projections:

    Option 1: Use the printing feature found on the Sales and Expenses menu to directly print your lists to use in place of your assumptions, legends, etc.

    Option 2: Manually build your assumptions via a Microsoft Word document and then export it as PDF.

    Bonus Option: Use an online PDF merger tool to combine your Assumption PDF with your Budgeto Exported reports PDFs to make one Master report that you can use to wow your investors.

For more information, please consult the following article from our Knowledge Base:

- Adding assumptions, legends, and table of contents in my reports


DocumentNew Functionality for Historical Data Use

An upcoming feature concerning historical data use is the ability to apply the historical data by budget instead of the whole company. This way, you will be able to maintain one budget on its own, while working on another budget that continuously uses updated historical data.
 

New Functionality for Manual Variations

Similar to the new functionality for historical data use, you will soon be able to apply manual variations by budget instead of for the whole company.      


Redesign of the forms


Sales

We will redo this module to:

  • Be able to change sales price in time;
  • Be able to change cost of sales in time;
  • Be able to apply an annual inflation to sales of previous years;
  • Apply a % per month of an annual sales objective.

Inventory

We will redo this module to allow:

  • Automatic re-order of inventory;
  • Automatic consumption of inventory with a minimum re-order level;
  • Multiple payment terms (% # months before or after a transaction).

Employee

We will redo this module to allow:

  • Automatic investment and/or expense trigger when hiring a new employee;   


Tags

We will develop tags that can be used in each form to allocate a transaction to a tag. These tags can be projects, sales representatives, sites, etc. A new reporting menu will allow you to see all transactions linked to one or more specific tags. 

     

Reports - Quarterly View

As of now, Budgeto offers the ability to view your financial projection reports (Profit and Loss, Cash Flow, Balance Sheet) either monthly, or yearly. However, we are working on implementing a new feature that will allow users to have access to a quarterly view in addition to monthly and yearly. 


New Functionality for Tracking Variable Costs

Currently, Budgeto does not have a method for tracking variable cost. Currently, variable costs are added as fixed elements that cannot be changed in the cost of sales:

  • These lines must always be displayed by default;
  • The customer can continue to add modifiable lines as they please, which will all go into a line in the Profit and Lost Statement, called "Other variable costs" (as is currently the case in sales).

Our technical team is working on improving the functionality of variable costs by including options as: Labor, Raw Material, Shipping and Logistics, etc.

    

Redesign of the Profit and Loss Statement

As seen above with "Variable Costs", this new functionality will come with a new presentation of the financial information in the Income Statement. We will add “Production costs” between the “Variable contribution margin” and the “Fixed costs”, allowing us to present a new “Gross margin”.


Currency          

New upcoming feature allowing the ability to apply a currency and a specific exchange rate in a form. This way, users will be able to apply different currency types in various forms without changing the main currency used for the company. For example, a company is located in Canada, but sells products in Mexico and has to use pesos as the currency type implemented.


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Budgeto's Release+
Improvements History


6th October, 2021:   

Help-Drawer

We are happy to offer better contextual help for all users! A help-drawer has been implemented on the majority of Budgeto's menu. This help-drawer contains: multiple articles, how-to guides, and videos related to the menu that the user is currently working in. You'll see this help-drawer on the Dashboard, Sales menu, Expenses menu, etc. Give them a look and learn how to become a Budgeto Pro! 

Simply click on the ORANGE QUESTION MARK to open the help-drawer in most menus!

  

4th October, 2021:   

Identifiable icons/figures for historical data use 

Identifying where your data comes from has never been easier! All entries in the Sales, Expenses, and Employees menu now have an icon to the left that tags where the entry originates from:

  • Created in Budgeto.
  • Pulled from QuickBooks Online or Xero

 

16th August, 2021:
Xero Accounting Software Integration
Similar to our already in place QuickBooks Online integration, you are now able to synchronize your Budgeto account with 
Xero, one of the leading online accounting software! This integration opens the door to many more opportunities for our users who may use other online accounting software's. 
We are excited to be able to offer this functionality to all our Budgeto users!

For more information, check out this article from our Knowledge Base:
- How to LINK Xero to Budgeto? 

- Budgeto on the Xero Appstore!

 

9th July, 2021:   

Budget Lock/Unlock feature

At Budgeto, we recommend that users have two different types of budgets:

Unlocked budget: Your day-to-day budget that you maintain and update throughout the year to keep up to track with any changes or decisions that need to be made.

Locked budget: This is a budget that does not change. It is kept in a "read-only" mode. You build it once and use it to compare original previsions to actuals. It is non-editable.  

   

When building your budgets and financial forecasts, it is important to keep one master budget at the beginning of the year that you do not want to change in anyway throughout your fiscal year. This frozen budget should remain unchanged, regardless of any events that occur (purchase of new assets, debt repayments, etc.).
The reason for this is that by keeping an original, unchanged copy of your first budget, you will have the ability to analyze the exact difference between the first day and last day of your fiscal year.

For more information on the budget lock/unlock feature, be sure to read this article from our Knowledge Base:
- How to use the Budget Lock/Unlock feature


1st July, 2021:    

Enhanced Graphs, Exportation of Graphs, and Printing Feature

We have enhanced our export/print features for most sections of the Budgeto app! Users can access this printing feature by clicking on the Printer icon found on the top-right screen of most Budgeto sections, including:

  • Dashboard
  • Sales
  • Expenses
  • Employees

1st March, 2021:     

Click-Click Boom” feature (automatic form filling)

We have been working hard on making the QBO/Xero synchronization process more intuitive. We have released what we call internally the "Click Click Boom", which fills up Budgeto's forms directly from your existing QBO/Xero Historical data. This is a major improvement! With just a few clicks, you are able to create 80% of your budget based on your past!

It allows entrepreneurs to not only build a budget, but also easily maintain their projections by automatically importing historical data from their bookkeeping software month after month.


22nd February, 2021:

Expense Departments

We have drastically upgraded the management, editing, and sorting of the expenses/categories. In addition, you are now able to drag and drop expenses and assign them to different departments

20th November, 2020:
New onboarding

With the possibility of sharing your budget with others, we have implemented a new onboarding functionality for new users that will allow you to open an account as; a start-up, a pre-existing business, or as a user who was invited to work on a budget


This way, people who are invited to collaborate on a budget with another Budgeto user will not have to open a Budgeto account with a new company. 


1st November, 2020:

Thought bubbleWelcoming Popups

Budgeto is a “do-it-yourself” tool that gives independence to entrepreneurs and SMBs to build and maintain their own budget all by themselves. These new welcoming popups will help explain each section of the tool and give additional training to new users in order to help make them become a Budgeto expert!


29th July, 2020:

New "Analysis" Feature (Real vs. Budget)

With multiple scenarios built from your main budget + historical data, you are now able to use our new comparison (Analysis) functionCompare your worst case and best case scenarios, or compare your budget to your actual results and see the difference with your numbers!
This module will allow our users to document and provide an explanation for important differences, to prepare management reports for your different partners, etc.

- How to use the Analysis Module

- Click here to access the Analysis module within the Budgeto app

   

New contextual help "?" icons 

We have implemented and modified all help icons "?" in the Budgeto app.
These new help icons contain more in-depth knowledge concerning what section of the app you are using, and the necessary information that will need to be added. In addition to this, when needed, we have also included links to detailed articles that have even more information concerning which part of the Budgeto app our users need additional support in. 
These redesigned contextual help "?" icons can be found all throughout the app, but the major ones are located at the top of each section, to the right of the page title. Give them a look!


Redesigned Knowledge Base (KB) articles

Our team has went through and redesigned ALL of our 100+ Knowledge Base (KB) articles (in English and French) on Budgeto's support website. These new and improved articles contain not only new and helpful information, but additional screenshots, training videos, and numerous examples. Our goal with these redesigned information-oriented articles is to give our users the power to learn and use Budgeto all on their own! Give a quick look at some of the now superior articles:

Take some time and explore our Knowledge Base in its totality. You might just learn something new! Click here to access the Knowledge Base website


Improved Historical Balance Sheet Forms 

Our team has noticed that some of our users felt confused when working in their historical balance sheet. Notably, the four forms that need to be filled out with the appropriate information (capital assets, investments, debts, and share capital). Before, users could experience "errors" in their balance sheet and was unsure on how to fix them. Our technical team has worked on improving these forms by helping our users understand where these errors are located if they experience a red cell warningWhen completing these forms, users can now see their $ totals at the bottom of the forms, the date, and the difference between the amount entered in the balance sheet and what's entered in the forms.


New Sales-Growth Feature (non cumulative) 

As requested by our users, we have implemented a new feature when adding a product/service using the growth method. Budgeto users can now choose "per month (non cumulative)" as their frequency option. This new option will allow you to modify the sales planning where you can include a % growth per month, without experiencing recurring clients every single month. An excellent option for those who wish to sell products to a one-time customer as a one-time sale. 


Inflation

New feature allowing to apply an inflation rate per year (in $ or % with a starting month) that will automatically adjust the values in the 60-month grid.

Multiple payment terms       

New feature allowing the user to create its own custom payment terms. User will be able to allocate a % # months before or after a transaction.

Ending month

New feature allowing to apply an ending month to a sale or an expense.


Editable sales tax

New feature allowing to manually overwrite the default sales tax rate in a form.


Graphics in the forms

We have added graphics in the forms to better visualize the impact of your decisions and assumptions.


Employee

Salary calculator (based on salary per year, month, week or hour)

Capital Assets

We improved this module to be able to plan capital assets in a grid of 60 months instead of a single amount per month (like the expense menu).


Share Capital

We improved this module to be able to plan the investments of the shareholders in a grid of 60 months instead of a single amount per month.


Need help? These resources are for you!

1- There is a search bar at the top right of the screen, use it often! Use words that you see on the section you are dealing with in order to search for related articles in our Knowledge Base. 


2- If you haven't found an answer to your question, create a support ticket and our team will find an answer for you:

Click here to create a new ticket for help

3- If you have any other questions about Budgeto, write us an email at: support@budgeto.com


Happy Budgeting and know that we are here for you if you need help! 

The Budgeto Team


Related Articles (Please refer to the links below)


- I'm new to Budgeto, where to start?

- Budgeto Multimedia Gallery

- Budgeto Limitations (What Budgeto is NOT a good fit for)

- How to EXPORT a budget (PDF/EXCEL)

- Adding assumptions, legends, and table of contents in my reports

- How to use the Budget Lock/Unlock feature