Budgets
An estimate of income and expenditure for a set period of time. A budget is an assigned amount to be spent on a task or a project. A budget belongs to a specific budget category.
Budgets can have the following statuses: Initial, Open or Closed. In its initial status, a budget can be marked as either an income or expenditure. Any changes on a budget can be done in the Initial status only. Once a budget is moved to the Open status, the changes can be registered only via Budget modifications. If a budget is moved from the Initial status to another status, it is not possible to remove the budget.
A budget can be reset from the Open status to the Initial status, but only if:
• there are no budget modifications linked to the budget;
• no committed costs or invoiced costs are incurred against the budget.
Budgets can be of two types:
• Operational expenditure budget (OpEx)
• Capital expenditure budget (CapEx)