Budgets in Worthic are saved against a specific income or expense category within a reporting line, such as a personal, business or real estate line. They provide a plan against which Worthic compares actual transactions, showing budgeted income, expenses, net cashflow, variances and overall budget coverage.
A budget changes only the plan—it does not edit transactions or category assignments. Recurring budgets and one-off items are kept separate: recurring budgets cover normal expected activity, while one-offs add exceptional income or expenses to selected months.
How to set a budget
Open Insights → Budgets, then choose the relevant Reporting line. Expand a category group to see each budgetable category.
You can set or update a recurring budget in several ways:
- Select the edit icon in the Budget column and enter an amount.
- Select Use as budget beside the current month’s actual amount.
- Select Use as budget beside the historical average. Use the 3m, 6m or 12m selector to change the averaging period.
- From the expanded Cashflow statement, select a category’s budget value and edit it there.
- Where Worthic presents a budget-adjustment insight, accept the suggested adjustment to update that budget.
In the budget editor, choose the budget period, amount, start date and—where relevant—allocation method, then select Save budget. You can return to the same category later to edit it.
One-off budgets
Use one-offs for non-recurring items such as a bonus, annual insurance payment or planned repair. You can add them in either of two places:
- Select the one-off control alongside a category in the budget table.
- In Planned one-offs, select Add.
Choose the reporting line, income or expense category, description, year, amount and applicable month or months. Saving creates planned budget events for those months; it does not create transactions or alter the recurring budget. Select an existing item in Planned one-offs to edit or delete it.
Budget periods
Worthic supports:
- Monthly: the entered amount applies each month.
- Quarterly: either spread the amount equally across the three months or assign it to selected month positions within each quarter.
- Yearly: either spread the amount equally across all 12 months or assign it to selected calendar months. When specific months are selected, the total is divided across those months.
The Start date determines when the budget becomes active. Worthic uses the applicable monthly amount when calculating cashflow budgets and forecasts.
Auto-adjustments
Enable Auto-adjust this budget when an amount should rise or fall over time. Choose Increase or Decrease, enter the percentage, and select how it is applied:
- Month-to-month: Worthic applies the percentage again for each month after the start date.
- Annually from month: Worthic applies the percentage once a year, beginning in the selected month.
Auto-adjustments compound over time. They affect future budget calculations only and never change the underlying transactions.
Budget monthly view
The Monthly view shows how a recurring category budget is distributed month by month over the next five years. From Insights → Budgets, select the view icon at the right of a category that already has a budget.
The view displays:
- The current saved amount and budget period
- The budget start date
- Whether the budget is manual or has an active auto-adjustment
- A January-to-December table with a separate column for each projected year
Worthic calculates each monthly value from the recurring budget settings. Monthly budgets appear in every applicable month. Quarterly and yearly budgets are either spread across their periods or shown only in the specific months selected when the budget was created. Any automatic increases or decreases are also reflected in the projected values, making it easy to see when an adjustment begins and how it compounds over time.
The Monthly view is read-only. To change an amount, period, allocation or auto-adjustment, close the view and edit the category’s budget. Planned one-offs are managed separately and are not included in this recurring five-year projection.