Customer budget periods
The use of budget periods is optional. Budget periods can be helpful if you want to monitor a budget more closely and frequently.
Example: You have an annual budget and you want to monitor the budget on a monthly basis, you need to create one period for each month; 12 budget periods in total. You then divide the total budget sum over these 12 periods, depending on how much money you intend to spend in each budget period. While the budget is in use, you keep monitoring its actual use per month against the expected use.
Customer budget periods are defined for a specific customer budget. They become read-only as soon as the status of the corresponding customer budget is set to Active. The system statuses that are available for a budget period are Initial and Active.
 | When you apply a budget modification to a budget (by increasing or decreasing the amount), the amounts of linked budget periods are also updated. |
Useful facts about these statuses:
• You cannot set a budget period to the Active status if the linked customer budget is still in the Initial status.
• You cannot edit the budget period's start date. However, you can edit the latest budget period's end date.
• You can only delete a budget period if it is still in the Initial status.
• You cannot add budget periods to a budget that is in the Closed status.