Introducing Budget Items

Objective

After completing this lesson, you will be able to explain the purpose of budget items.

Basics of Budget Items

You can add a budget item to define a budget, including fiscal year, budget owner, budget name, and budget display name.

The image shows a screenshot of a budget item titled 2024 Budget, owned by Budget Owner, set for the fiscal year 2024, currency US Dollar. The form includes several tabs for additional options like Budget Details, Budget Tracking Fields (optional), Manage Viewers (optional), Manage Approvers (optional), Filter by Managers (optional), and Adjustments. The budget details indicate a fiscal period of 2024 with a $5,000 amount, marked as Active and Open.

Once you configure the Budget Type in the budget items, these budgets appear listed in the Budget Overview and Details of the Budget Dashboard.

The image shows a screenshot of a budget dashboard for 2024 Budget displayed under the Budget Overview page. The dashboard shows details such as budget amount, spent, pending, remaining, unexpensed. There is a Charts section showing the budget breakdown, top spending categories, and a spending trends chart.

References

Title	Link
Budget Admin Guide - Manage Budget Items	^{Budget Admin Guide - Manage Budget Items}

Summary

Add budget items to define and track budgets in the system.
Specify the fiscal year for each budget item.
Assign a budget owner to manage responsibility.
Enter a budget name and a display name for easy identification.

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