Code

Specify a budget code.

Description

Enter a budget description.

Is expenditure

Specify if the budget is an income or expenditure.

Balance

This field is automatically updated with the calculated balance amount.
Project managers are interested in the balance of a budget to know how a budget is performing. The balance indicates if the budget is negative or positive.

To know how the Balance amount is calculated, see Appendix - Budget calculations.

Budget manager

Select the budget manager.

Budget

Enter the budget value.

Cost center

Select the cost center for a budget.

Cost group

Select the cost group.

Project

Select the project.

Forecast end of work

This field is automatically updated with the calculated amount. Forecast end of work is calculated as follows:
Commitments + Hard forecast + Reserve budget

Fund

Select the fund for this budget.

Initial amount

This field is updated automatically when budget is changed from initial to Open status. It contains the actual budget amount and this amount does not change.

Reserved amount

Specify an amount that you want to set aside as a reserve in the budget.

Forecast amount hard

This field is updated with the hard forecast amount when a forecast is added to this budget and the budget is in the active status.

Forecast amount soft

This field is updated with the soft forecast amount when a forecast is added to this budget and the budget is in the active status.