Budgets

Use the records of the Budget (budget) table to plan and manage budget expenses for each company cost center.

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The Budget (budget) table form requires additional customization of logic and filters in accordance with the needs and work processes of your company.

Budget form fields

Field	Mandatory	Description
Name	Y	Specify the name of the budget record.
Cost center	N	Specify the cost center that is related to the budget record.
Planned limit	N	Specify the limit of funds allocated in the current budget.
Actual costs	N	Specify the actual costs in this budget.
Savings	N	Specify how much savings are made.
Unallocated actual costs	N	Enter the amount of unallocated actual costs.
Currency	N	Select the currency that was used to specify values in the Planned limit, Actual limit, Savings, and Unallocated actual costs fields.
Description	N	Add a budget description.
State	N	Select the record state. Available options: Draft Approval Valid Not valid
Start fiscal period	Y	Specify the initial accounting period.
End fiscal period	Y	Specify the final accounting period.
Responsible	N	Specify the employee who is responsible for the budget.
Work notes	N	Provide additional information.

Related Lists

• Budget Items – a list of the planned expenses in the current budget.
• Approvals – a list of approval tickets with their states and names of approvers.
• Actual Cost Items – a list of actual cost items in the allocated budget.

Create a budget record

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To create a new budget record, follow these steps:

1. Navigate to the Budget (budget) table.
2. Click New and fill in the fields.
3. Click Save or Save and exit to apply the changes.
4. The person responsible for the budget can change the state of the budget record.