Recently Budgyt added the ability to roll up departments into regions and regions into entities, so essentially three layers. This will allow us to budget multiple locations under one entity wherever this is needed. Review collected by and hosted on G2.com.
It might be interesting to allow various charts of accounts and fiscal years for different types of businesses. There are reasonable workarounds for these issues in Budgyt, but it isn't designed this way. Review collected by and hosted on G2.com.
Thank you Matt for the review. In response to the various chart of accounts issue. If a Category is to live in a different Group depending on Department then while doing the setup, the complexity of tracking user permissions, hierarchy roll up and many other things become very, very difficult to understand and maintain. We have found after onboarding over 1,000 companies it is better to have a universalized COA if you want to consolidate your finanicals across multiple different businesses. For instance, if Rent Expense is in COGS in one business but in Opex in another then all readers of the financials will be confused about rent in a consolidated roll up. It is better to make two different Rent categories with different codes and description to reduce confusion.
