Creating budgets for your projects lets you compare anticipated revenues and expenses to actual revenues and expenses.
Budget information is stored on the Budget tab in a project record. You can store budget information on a monthly basis or other budget period frequency you set up. Once you determine the budget period frequency, enter the projected revenues and expenses, and review the anticipated total (it is updated automatically each time you enter new budget figures).
On the Budget tab, you can view the Budget Periods in addition to the Budgeted Revenue, Expenses, and Profit for the current fiscal year.
Use project reports to monitor your budget.
A detailed project budget allows you to distribute anticipated revenue and expense amounts to specific accounts. Comparing the budgeted amounts to actual earnings and costs at the account level makes it easier to understand where expenses might have been higher than planned and will help you improve future project plans.
There are two tabs in this window, Revenue and Expense. Each tab has columns to track the accounts, total amounts, and the budget period amounts for the project.
Set up your company to use projects