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Budget Management

Put your budget management on easy mode!

From the left side of the dashboard, go to the “Payables” section and choose “Budgets”.

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For adding a new item to your budget, click on the “ADD NEW” button on the top right of the screen. 


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Add a name to your budget, then fill out the information required based on the descriptions below:

Depending on the type of expense, you can choose either “One time” or “Recurring”.

One time: An expense that occurs only once.
Recurring: An expense that occurs more than once and resets on the first of every month. Budget limit: You can add a budget limit to track whether the spend exceeds the budget limit.
Budget left on current cycle: This number will be automatically updated to give you better visibility over how much budget is left in a specific cycle.
Expires on: Add an expiry date to your budget to prevent any expenses that happen after the expiry date to be added to the expired budget
Default approval policy: You can assign an approval policy within the budget to make sure the right stakeholders are approving the bills relating to that budget.
Default account: Choose the pre-defined account to know which account this budget belongs to.
Budget owners: Add stakeholders who are owners of the budget.

Then click on “Save and Close”


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To check the details of each budget, click on the budget name. You will be able to see all the bills related to that budget along with the monthly budget report. * the details and status of all the bills assigned to the budget are also available here.

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Here’s the breakdown of the report:

Spent: The amount that has already been paid to vendors.
Assigned: The amount that has been allocated to expenses, but has not been paid yet.
Unassigned: The amount that has not been assigned yet to any specific payout or expense.
Limit: The budget limit.




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You can also assign bills to budgets right within the bill edit form.

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