Creating and modifying a budget is critical for a project. A specific budget will show the total cost of the combined projects. Users can add multiple projects to one budget or spread projects over multiple budgets. Budgets are created by a user with Financial Manager or Financial Manager Administration Permission.
Creating a Budget
Creating a budget requires three sections to be filled out. This information is saved under the Budgets Tab. Once a budget has been created, when a project is created, the selection for budget appears.
1. Enter a budget name.
2. Provide an open and close date for the budget.
3. Enter specifications related to the budget.
4. Click the Create Budget button.
Inactivate a Budget
Budgets cannot be deleted but instead the option to make budgets inactive. Once a budget has become inactive, it cannot be selected for future projects. An inactive budget that is associated with current and past projects will not be influenced.
1. Locate the budget that needs to be inactive.
2. Click the Make Inactive button.
3. Click the Confirm button.
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