# Create a budget {% hint style="info" %} User permission: Manage Custom Statements {% endhint %} Sometimes referred to as the *one-click budgeting* feature, this is a quicker and easier way to [create a budget](/budgets-and-forecasts/owner-and-administrator/create-a-budget.md) workbook in the Budgets & Forecasts module. All the budget settings are automatically selected for you, allowing you to see the budget straight away. You can then modify the setup to suit your needs. This feature is also a great learning tool, giving you a deeper understanding of how the data in your Financial Statements module is presented in the Budgets & Forecasts module and how the two products are linked. You can match the statement setup to the budget setup to see where the connections are without being overwhelmed by new settings and terminology. Even if you ultimately don't use the budget (you can delete it), you can become familiar with its structure and contents and how it ties back to the elements in your financial statement. {% embed url="" %} Create a budget from within Financial Statements {% endembed %} {% hint style="info" %} Read the [Relationship with the Financial Statements module](/budgets-and-forecasts/getting-started/overview-of-key-terms-and-concepts/relationship-with-the-financial-statements-module.md) page in the Budgets & Forecasts documentation to learn about the link between these two modules and see how the elements in the Profit and Loss statement setup are carried through to the budget workbook setup. {% endhint %} ## Prerequisites This feature is available when you also have the Budgets & Forecasts module. In addition to the Financial Statements > Manage Custom Statements user permission, you need both of the Budgets & Forecasts user permissions. To put it simply, if you have permission to create budgets in Budgets & Forecasts, you'll also be able to create those budgets from within Financial Statements.

## Prepare the statement The first step is to set up your Profit and Loss statement to reflect your preferred budgeting structure. Either open a favorite that has the required setup or change your view of the Profit and Loss statement as required. You might want to create a statement specifically for budgeting and forecasting purposes. The setup of your statement directly impacts the setup of the budget, so the more you do here, the less you need to edit in Budgets & Forecasts later. The stream, measure, period, and other items you select here are used to create the budget structure. Any levels you add to the statement are also carried through to the budget. See the [Budget by region and branch](/budgets-and-forecasts/owner-and-administrator/create-a-budget/budget-by-region-and-branch.md) page for an example. ## Create the budget Click the **Create budget** button in the toolbar. The budget workbook is automatically created for you in the Budgets & Forecasts module, skipping the usual setup steps. It opens in a new browser tab.

## Review and adjust the budget, then start the workflow Start by reviewing the newly created workbook. Note the period columns and expand the row levels to view the hierarchy. Then, open the budget setup and [match it to your financial statements setup](/budgets-and-forecasts/getting-started/overview-of-key-terms-and-concepts/relationship-with-the-financial-statements-module.md#relationship-between-the-statement-and-budget-setups) to understand how the budget was created. Make any necessary structural adjustments. It's best to do this now before you start budgeting. See Create a budget (in Budgets & Forecasts) > [Next steps](/budgets-and-forecasts/owner-and-administrator/create-a-budget.md#createabudget-nextsteps) for more information. ## Find your budget workbook When you create a budget from within Financial Statements, it opens in a new browser tab. You can close this tab without worrying about saving the workbook anywhere. The workbook displays on your [Budgets & Forecasts homepage](/budgets-and-forecasts/getting-started/take-a-tour-of-budgets-and-forecasts.md) (alongside any other workbooks to which you've access) so you can easily find it later. You’ll be able to identify your workbooks as they have the distinctive default name *Profit and Loss created \[date]* and you are set as the owner. From here, you can open a workbook or delete any workbooks don’t need.

## Add the budget stream to your financial statement When the budget workflow is complete, the next step is to [publish the budget](/budgets-and-forecasts/owner-and-administrator/publish-a-budget-forecast-or-other-worksheet-tab.md) and its additional tabs to a stream in the financial database so the data becomes available for use in the Financial Statements module. You can then [add a budget package](/financial-statements/managing-statements/manage-streams-and-scenarios.md) in Financial Statements to add the new budget to the **Budgets** menu. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.phocassoftware.com/financial-statements/managing-statements/create-a-budget.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.