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Note: Adding budgets for divisions is an advanced feature of Fathom only available for Xero, QuickBooks Online, and MYOB AccountRight Live users. If you wish to proceed, each division with a budget will be billable on a monthly basis as a separate entity.


Can you import budgets for divisions in Fathom?

Fathom enables you to add budgets for divisions (e.g. classes, locations, tracking categories, etc.) if a division has been imported as a standalone entity.

Importing divisions as standalone entities is only available for companies imported from our cloud-based integrations - Xero, QuickBooks Online, or MYOB AccountRight Live.


Standalone budget import process

Use the following workflow to import budgets for divisions into Fathom.


Importing budgets for divisions

Once your divisions are imported as standalone entities within Fathom, you can import a budget for them. This will differ based on the source accounting system.

Budgets for divisions cannot be imported directly from Xero or MYOB AccountRight Live; instead, you can import budgets for the standalone divisions from Excel.

For standalone entities sourced from QuickBooks Online, budgets can be imported for the standalones directly from QuickBooks Online or from Excel. If importing from QuickBooks Online, you will need to be careful that you select the correct budget as the budgets for the parent entity and classes are presented together.

Source Accounting System

Import standalone budgets from

Xero

QuickBooks Online & QBO Advanced

MYOB AccountRight Live


Next steps

Now that you've added budgets for your standalone divisions, you may want to unlock the other additional areas of functionality that come with standalone divisions:

What you want to do

Where to go

Benchmark your standalone divisions to better analyse and report on how divisions perform against one another

Create a forecast for each standalone division as you would for a regular single company in Fathom

Report on each standalone entity


Additional knowledge & common questions:

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