Acetone is an abundant volatile organic compound with important influence on ozone and atmospheric self-cleaning processes. The budget of acetone is influenced by various sources and sinks. Direct sources include anthropogenic, terrestrial vegetation, oceanic, and biomass burning emissions, while chemistry forms acetone from other compounds. Sinks include deposition onto the land and ocean surfaces, as well as chemical loss. The GISS Earth System Model, ModelE, is capable of simulating a variety of Earth system interactions. Previously, acetone had a very simplistic representation in the ModelE chemical scheme. This study assesses a greatly improved acetone tracer scheme, in which acetone's sources, sinks and atmospheric transport are now tracked in 3 dimensions. Extensive research was conducted to assess how well past literature supported the new global acetone budget. Anthropogenic, vegetation, biomass burning, and deposition schemes fit well with previous studies. While their net fluxes were well-supported, source and sink terms for chemistry and the ocean were overestimated and underestimated, respectively. In iterations of the chemistry scheme, it was found that the production of acetone from hydrocarbon oxidation is a strong leverage to the overall chemical source. Spatial distributions reveal that ocean uptake of acetone dominates northern latitudes, while production is mainly in mid-southern latitudes. Ocean surface conditions influence ocean-acetone interactions and will be considered when modifying the ocean scheme in future work. The seasonality of acetone-related processes was also studied in conjunction with field measurements around the world. These comparisons show promising results, but have shortcomings at urban locations, since the model's resolution is too coarse to capture high-emission areas. Overall, an analysis of the acetone budget aids the development of the tracer in the GISS ModelE, a crucial step to parameterizing the role of acetone in the atmosphere.