What is the Budget Object
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Quick info: The financial module includes three objects for budgeting purposes which is the Budget Object, Invoice Object & the Change Register Object.
Budget Tab
View of the Budget Tab
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Activating the Budget object in your Project
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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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The Reporting Period can only be configured as Monthly for Numeric fields and Standard fields that have NO calculations.
The Reporting Period for Committed YTD and Actual YTD fields on new workflows will be standardized as Monthly Data fields.
Users with the appropriate permissions for the Budget Object will be allowed to make changes to financial data. You can contact your administrator to clarify the permissions you hold.
Upload Budget Data
You can upload budget data directly to the Budget Grid via an Excel Document. To activate the upload function within the Budget Object, you have to get support from System Administrator.
Once the Upload function is activated within the Budget Object, you will be able to see the Upload button within the button toolbar.
Once you click on the Upload button, the upload wizard gets opened.
Adding Budget Data
Users can add new budget data through the Add New Popup which appears when click on Add New button in the button toolbar. To add reporting years along with budget types/lines for the first time, user must go through Add New Popup.
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