Introduction to Budgets

Budgets is a feature in Translucent that allows you to sync, view, and track budgets across your group of entities. You can sync budgets automatically from Xero or QuickBooks Online (QBO), or you can import an excel spreadsheet.

Once imported, you can use Translucent to consolidate budgets across your group or sub-groups (e.g. EMEA or APAC) and compare them to your actual financial data. This enables you to monitor performance in a consistent, centralised view.

With Budgets, you can:

• Sync budgets directly from Xero or QuickBooks Online

• Import budgets directly from an excel spreadsheet

• Preview and check budgets before using them in reporting

• Compare actuals to budgeted figures across entities

• Track budget performance at the entity, group, or tracking category level

• Single entity budgets: These are individual budgets created in Xero or QBO for each entity.

• Consolidated budgets: Translucent allows you to combine a group of single-entity budgets, allowing you to have a group-wide view.

You can import:

• Budgets created in Xero

• Budgets created in QBO

You can access Budgets from the main navigation bar:

1. Log in to Translucent.io

2. In the sidebar under FP&A, click Budgets

3. In Step 1, you'll see a list of available single-entity budgets synced from Xero or QBO

4. Click on a budget to preview it.

5. Click Run Budget vs Actuals to compare the budget against actual performance