---
sourceDocument: Australia Strategic Portfolio Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-business-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# Create or update a budget

# Create or update a budget {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
Cost management provides budgets for you to plan expenses for a certain time
period.

## Before you begin

Role required: financial_mgmt_admin

## Procedure

1. Navigate to AllCostConfigBudgets.
2. Select a Budget to edit or select New.
3. Fill in the form (see table)  
   {#t_ManageABudget__table_fgk_4qz_gq__entry__2}

   | Field | Input value |
   |-|-|
   | Number | System generated record number. |
   | Name | String field for the name of the budget. |
   | Start | Date field defining the beginning of the budget period. |
   | End | Date field defining the end of the budget period. |
   | Planned | Currency field representing the planned amount of expenses for the associated cost centers during the budget period. This value is inputted or imported. |
   | Actual | Currency field representing the actual amount of expenses for the associated cost centers during the budget period. This is a calculated field using the list of expense allocations for the cost centers. |
   | Remaining | Currency field representing the amount of planned minus actual expenses. This is a calculated field. |
   | Projected | Currency field representing the estimated amount of expenses for the associated cost centers during the budget period. An average daily expense amount is calculated and applied to the rest of the budget period to determine the estimated projection. |
   [Table 1. Budget form]

   {#t_ManageABudget__table_fgk_4qz_gq}

## What to do next

Review the related lists for this budget and update them as necessary. See [Budget related records](https://servicenow-prod.fluidtopics.net/jN5vWB1zQCf1WnKdxtmgmQ "Budgets are related to additional records, displayed as related lists on its form.").
**Related concepts**   

* [Budgets and cost centers](https://servicenow-prod.fluidtopics.net/aGhOC39rS_qsqZqLeEbjAA "Understand what budgets and cost centers are and how to manage them in the Cost Management application.")

*[\>]: and then