What is Budget Object
The Budget Object is a tool, which represents the financial allocation and tracking component for a project. It is a structured entity that helps project managers plan, monitor, and control costs to ensure that the project stays within the approved budget.
View of the Budget Object -
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Budget Object is does not working function alone. It works with ; It includes links to the Invoice Object and Change Register / Change Request.
Budget Grid
Budget grid should visible as per the configurations done in Budget Object Configuration areais the area which allows you to manage your financial data. The columns on the grid would be visible based on the configurations done by your system administrator.
Button Toolbar
Button toolbar contains with 6 buttons,
Show Budget Tax (Toggle) - Display budget tax within the budget grid. This allows you view respective tax configured.
Quick Tip: You have to tick the “Include for tax” column on the grid related to the types/lines that you want to view
Show Budget Variance (Toggle) - Display budget variance depending on the approved change requests raised in Change Register.
Save - Save the changes made within the budget object.
Upload - Upload data to the budget object through an excel document.
Export - Export budget data into a This would display budget variance, If you have sent any requests for budget changes through the Change Register you would be able to view the budget difference via this toggle.
Quick Tip. Values in “Green” would show you that there is a Change sent to reduce the budget figure on the respective Budget. for an example.
Original Budget Value on the grid is 101,000.000
Change to reduce the Budget value is 1000.000 this change is shown in the Grid in green once approved from the change register.
The original budget value will also change to 100,000.000 and will roll up to the budget type respectively.
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Values in “Red” would show you that there is a Change sent to Increase the budget figure on the respective Budget. for an example.
Original Budget Value on the grid is 101,000.000
Change to Increase on the Budget value is 1000.000 this change is shown in the Grid in Red once approved from the change register.
The original budget value will also change to 100,000.000 and will roll up to the budget type respectively.
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Change image
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Save - Clicking on the save button will allow you to save changes made to any Budget Types and lines within the Budget Grid.
Upload - This allows you to upload data through a data upload wizard. you can refer below for more details on the Data Upload wizard.
Export - This allows you to Export budget data within the grid into an excel document.
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Budget Hierarchy
Budget Hierarchy is configured from Camms.Strategy.
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