Build a Budget in Property Financials

💡Things to Consider

📑Learn To: 

• Set up Budget Line Items

• Request Budget Approval

• View Budget Comments

⚙️Steps

Set up Budget Line Items

1. Create a new Budget
2. Give the Budget a name and select where to pull the accounts from, either the Balance Sheet or the Income Statement.
3. Once the budget is created, use the dropdown to select the accounts to add as line items on the budget.
4. Select into the Budget Totals column to add dollar values to the budget.
5. Select Quarterly / Monthly / None to show the budget broken out.
   
   
   

Request Budget Approvals

1. Select the Request Approval button to circulate the draft budget for approval.

2. Select from the list of names in the dropdown. Only users with Admin permission will appear in the list. 

   

3. Selected Approvers will appear in the request window. Select "Send Request" to send an email notification to the users selected.
4. Approvers will receive an email with a link to the budget.
5. From the budget view, the approver should select "Submit Review". The approver can leave comments, select approve / reject the draft budget. NOTE: @mention colleagues to ensure they receive a notification about the comments left by approvers.
6. If rejected, the budget will need to be updated and approval requests will need to be resent.
7. Once a budget is approved by all approvers, the budget will have an "Approved" label.

View Budget Comments

Select the Comments icon to view and add comments to the budget.

Use @mention to send email notifications to other users about comments.

Comments that are left during the approval review process will land in the comments section.