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Your organisation may want to set up revenue budgets and monitor progress to them throughout the year. Setting up budgets is a two step process, first by creating the budget types, then setting the budget amounts.
Progress to the budget can be seen on the Executive Dashboard and the Forecasts vs Budget report.
Multiple budget types can be set up if required, allowing progress to be measured against a break even budget or stretch goal budget for example.
There is even an option to set some budget types as restricted, with a specific option on the access level setup required to be able to see these budgets on reports.
Additional budget types can se set up during the year. For example you could create a “3 + 9 Budget” after the first quarter, setting the actual revenue amounts for the first 3 months, and retain the budget amount for the remainder of the year.
Maintaining budget types
Click the blue + button to add a new budget type. A budget type can be edited by from the three dots to the right. Budget types can be made inactive if no longer needed and can only be deleted if they have no data linked to them.
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Name: This is what will be displayed when applying for leave.
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This Budget is Active: Tick or untick to make the budget active or inactive .
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This Budget is restricted: Tick if visibility of this budget is to be restricted (Access to see restricted budgets is controlled on the access level setup - tick “Finance.Budgets.Restricted.View“ under more options to allow access to see restricted budgets on the reports) .
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Organisations assigned to this budget: Select each of your organisations that the budget will apply to.
Once the budget types are set up the next step is to populate the monthly budget amounts on them.
Refer to the Finance > Budgets article to learn about setting budgets →
Refer to the using organisation wide budgets article for additional details →