Creating and Modifying Budgets
- Lamont Eddins
- Jason Gauntz (Unlicensed)
Creating and modifying a budget is critical for a project. A specific budget will show the total cost of the combined projects. You 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.
You do not need to a budget associated with a project before you submit for approval.
Creating a Budget
Creating a budget requires three sections to be filled out. This information is saved under the Budgets Tab. After creating a budget, the selection appears when a project is being created.
- Navigate to the Budgets Tab.
- Click the +New Budget button to create a budget.
- Enter a Budget Name.
- Provide an open and close date for the budget.
- Enter the description related to the budget.
- Click the Create Budget button for the budget to appear in the Budgets Tab.
Inactivating 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.
- Navigate the Budgets Tab to inactivate a budget.
- Locate the budget that needs to be inactive.
- Click the Make Inactive button to inactivate the budget.
- Click the Confirm button and the budget becomes inactive.