Create or update a budget

  • Release version: Australia
  • Updated March 12, 2026
  • 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 All > Cost > Config > Budgets.
    2. Select a Budget to edit or select New.
    3. Fill in the form (see table)
      Table 1. Budget form
      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.

    What to do next

    Review the related lists for this budget and update them as necessary. See Budget related records.