Project Budget

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 -

Budget Grid

Budget grid should visible as per the configurations done in Budget Object Configuration area.

Button Toolbar

Button toolbar contains with 6 buttons,

1. Show Budget Tax (Toggle)

2. Show Budget Variance (Toggle)

3. Save

4. Upload

5. Export

Budget Hierarchy

Budget Hierarchy is configured from Camms.Strategy.

Budget Hierarchy contains budget types and budget lines which allow users to enter budget data against budget types and lines.

Features

1. Add budget data

2. Edit budget data -

3. Delete budget data

4. Duplicate budget data

Links with Invoice Object

There are two standard fields within the budget object namely Committed YTD and Invoice To Date.

Above mentioned two fields are linked to the Purchase Orders tab and Invoice tab within Invoice Object respectively.

User has to raise purchase orders against a budget leaf level added in the budget object. And the total amount of the purchase orders will reflect against the respective budget line within budget grid under Committed YTD field.

In a similar way, an invoice should be raised against the created purchase order. The purchase order has a linkage with a budget leaf level added in budget object. So that linked budget leaf level get link with the invoice. So, the total values of the invoices will reflect against the respective budget line which the purchase orders in linked within budget grid under Invoice To Date field.

Reporting Years

There is an internal setting to enable reporting years within budget grid. Once the setting is ON, users will be able to add budget data in year wise. Also, the users can enter budget data against months in the monthly popup.