Tracking Separate Budgets:
Now that you've imported a budget, you'll notice that we only show a single budget by default.
But what if you'd like to track 2 separate budgets within the same job?
Here's how:
At the top of your selected job's page, click the Edit button.
In the Edit Job window, find the Multiple Budgets section at the bottom.
Toggle On the Revenue Budget.
Click Save
You'll now see columns for 2 different budgets on your job's Budget tab:
Cost Budget: This is typically used to track your job's internal budget.
Revenue Budget: This can be used to track various secondary budgets, such as:
Client-side Budget
Bank Budget
Other Budget Columns
Uncommitted Budget: Shows the amount still available to spend, based on the revised cost budget minus any purchase orders and approved costs not linked to POs. This gives you the most accurate view of what’s truly open in your budget.
Equation: Revised Cost Budget − PO Amounts − Approved Costs (not linked to POs)
Please Note: (You’ll still see the older “Budget Remaining” column on the Budget tab, and you can hide either column depending on preference.)
Draw Remaining: The amount you expect to collect against the client budget.
Equation: Budget - Drawn to date.
Adding an across-the-board Markup to an Revenue Budget:
Select all line items by placing a checkmark in the top-most Line Items checkbox in the column heading.
Click Actions > Calculate Revenue Budget
In the Calculate Revenue Budget window, enter the markup percentage (%).
Click Save
Note: This new markup will take a few seconds to finish calculating.
Look for "Revenue Budget Updated" message in the upper right corner when completed.
Note: Once added, the Revenue Budget will become the budget that you invoice against.
If you have any questions or want to share feedback, feel free to reach out at [email protected].