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Importing a budget from MYOB AccountRight Live

When you make the initial connection between Fathom and MYOB, you can select the option to import a budget along with your financial data.

If you do not have any budget data that overlaps your financial data date range, then Fathom will be able to import a budget from MYOB.

Note: While you can create multiple budgets in MYOB AccountRight Live, Fathom only allows one budget to be connected at a single time.


Adding a budget to your MYOB AccountRight Live company

If a budget was not imported when the initial connection between MYOB and Fathom was established, then you can add a budget to your company in Fathom at any time from:


Adding a budget from MYOB

To add a budget to Fathom from MYOB AccountRight Live,

  1. Go to 'Step 1 - Update data' of the company’s Settings.

  2. Under the heading for 'Budget', select the option to ‘+ Add Budget’

  3. Choose to import a budget from MYOB.

    Note: While you can create multiple budgets in MYOB AccountRight Live, Fathom only allows one budget to be connected at a single time.

Adding a budget from Excel

If you want to import a budget that is different from your ‘Overall Budget,’ then you can import a budget into Fathom via Excel.

View the following help article for more detail on importing a budget from Excel.

Adding a budget from the company’s forecast

You’re able to save the forecast you create in Fathom as your company’s budget. You can completely replace your current Xero or Excel budget with the company’s forecast or only partially replace your current budget.

View the following help article for more detail onsaving your forecast as your company’s budget.

💡Pro Tip: If your forecast is linked to your budget, you are still able to save your forecast as your budget. The budget data linked to your forecast will be saved as part of the new budget along with the rest of the forecast data.


Updating your MYOB budget

You can update your budget data in Fathom at any time. To update the budget from MYOB:

  1. Go to 'Step 1 - Update data' of the company’s Settings.

  2. Under the heading for 'Budget', select the option to ‘Update Budget from MYOB’


Budgets for jobs & categories

Budgets can only be applied to the entire entity, not to individual classes or locations.

However, if you import classes or locations as standalone companies in Fathom, you can then apply budgets. For more information, view the following help article on Adding Budgets for Divisions.


Next Steps

Congratulations on importing your budget into Fathom! Finish setting up your company for analysis, reporting, and forecasting by choosing from the options below:

What you want to do:

Next step in process:

Ready to set up your company profile and import your company logo into Fathom?

Happy with your company profile and want to check and customise your Chart of Accounts?

Happy with your Chart of Accounts and ready to set up KPIs to track the performance of your company?


Additional knowledge & common questions:

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