Hello guys,

We need help to understand how to properly implement and compare monthly budgets against the Profit and Loss report in Odoo 18.

Here’s the scenario we are working with:

We have Company A, and we want to create a monthly budget forecast for both revenues and expenses. For example:

• For January, we set a budget forecast of $100,000.
• At the end of January, we want to compare the actual figures from the Profit and Loss Report with this budget forecast to:
  • See whether our revenues exceeded the forecast,
  • Identify if our expenses went over or under budget, and
  • Calculate the profit or loss variance between budgeted and actual figures.

We want to do this for every month of the year, and be able to review monthly performance side by side with what was originally planned.

Could someone kindly explain:

1. How to properly configure the Budget in Odoo 18 to handle this?
2. How to set monthly budgets (per income and expense accounts)?
3. How to ensure these budgets are reflected in Profit and Loss comparison reports?
4. Whether there is a built-in way to automatically generate monthly comparisons, or whether we need to use Analytic Accounts or Analytic Plan for better reporting?

Thank you in advance for your help!