Budget

The Budget tab is where you record the project’s planned and actual amounts, organized by spending category (previously registered in Hub Settings).

What lives in the Budget

• Planned amount per category — how much you plan to spend in each spending category.
• Actual amount per category — expenses effectively recorded during execution.
• Variance — difference between planned and actual.
• Alerts — a visual indicator within the Budget section that flags when the variance is too high, that is, when the actual amount strays significantly from the originally planned budget.
• Recurring budget — creation of a monthly entry with the amount established in the entry.
• Attachment — the ability to attach proof of payment or expense to the entry.
• Export — the ability to export budget data and build custom reports.

Note: Financial control is optional. If your organization does not use Spending Categories, this tab can be ignored without affecting the project’s other features.

Note: Back to the Project Settings index.