Budget - Reuse
Reuse
Callouts
Budget Modifications - Legacy Content
Legacy Content
The Budget Modifications feature is being replaced by a new Budget Changes feature. Starting in October 2022, Procore will be working with Procore customers to migrate from budget modifications to the Budget Changes feature by October 16, 2023. Once you migrate, you will no longer have access to the budget modifications feature. If you have any questions before your company starts the migration, contact your Procore point of contact. To learn more about the timeline for migration, see: Common Questions.Budget Changes - Phased Release
Phased Release
The new Budget Changes feature is designed to replace the existing budget modifications feature. Once you migrate to Budget Changes, you will no longer have access to the budget modifications feature. If you have any questions before your company starts the migration, contact your Procore point of contact. To learn more about the timeline for migration, see: Common Questions.Budget Changes Release
Limited Release
Note to users participating in the 'Budget Changes' limited release program. The information below details a feature available to Procore users taking part in the limited release for Budget Changes. For more information about this release, see About Budget Changes. Procore will be working with Procore customers to migrate from budget modifications to the Budget Changes feature by November 2024.BETA - Work Breakdown Structure
Limited BETA Release
This page details functionality that is not yet available in Procore's production environment. In late June 2021, access to the Work Breakdown Structure (WBS) features in the Procore web application will be limited to specific companies using Project's Project Financials tools who have signed an agreement to participate in Procore's Beta Program. The beta program is expected to take several months to complete. Please note that all dates, timelines, and features documented here are subject to change.
Advanced Forecasting Limited Release
Limited Release
Procore’s 'Advanced Forecasting' feature is primarily designed for Owners using Project Financials and must be enabled for you by Procore. If you are a General Contractor or Subcontractor who wants to learn more about how your team can benefit from this tool, ask your Procore Administrator to send an email to your company's Procore point of contact. To learn more about the request and setup process, see Enable Advanced Forecasting in Procore.
Labor Productivity Cost Limited Release Beta
Coming Soon
The 'Procore Labor Productivity Cost' view and its associated features are coming soon. Currently, the view and its features are available to Procore clients as a limited release which requires participation in the Procore Beta Participant Program.Want to learn more? View a recorded webinar, hosted by Procore's Strategic Product Consultant (SPC) team on July 10, 2020, where we review the new Labor Productivity Cost budget view in Project Financials. Register now to watch the recording on-demand.
Send Approved Budget Changes to an Owner Invoice
To send any approved budget changes to an owner invoice:
- Mark the Add to Owner Invoice check box.
- Select a contract from the Prime Contracts drop-down list.
Tip
- Don't see these fields? These fields are only available when the 'Budget Changes' settings are enabled. See Configure Settings: Budget.
- Want to learn more? To learn more about adding approved budget changes to an owner invoice, see About Sending Approved Budget Changes to Owner Invoices.
Columns for Budget Views
Cost RFQ
This adds a source column named 'Cost RFQ' which shows costs associated with RFQs. The value that appears in this column on a budget line item is not yet associated with a CCO or a Non-Commitment Cost.
Steps from the Configure Columns window in the Company Admin tool… | Settings |
---|---|
|
Cost ROM
This adds a source column named 'Cost ROM' which shows a ROM estimate for change events. The value that appears in this column on a budget line item is not yet associated with a CCO, an RFQ, or a Non-Commitment Cost.
Steps from the Configure Columns window in the Company Admin tool… | Settings |
---|---|
|
Non-Commitment Cost Column
This adds a source column named 'Non-Commitment Cost' column. The value that appears in this column on a budget line item represents a Non-Commitment Cost.
Important
If you plan to use the 'Non-Commitment Cost' column in the calculation for the 'Projected Cost' column (or for a 'Forecast' column), it is important to choose one (1) of the following options to ensure the calculation is NOT double-counted when related direct costs impact your budget:
- Optional: Update the 'Cost RFQ' column to exclude 'Closed' change event statuses. Then instruct users who create relevant direct costs to also change the appropriate change event's status to 'Closed.' This will exclude the Non-Commitment Cost from the column's value.
OR - Optional: When users create relevant direct costs, instruct your users to delete the 'Non-Commitment Cost' from the appropriate change event.
OR - Optional: Do NOT create direct costs for the 'Non-Commitment Costs' being tracked in your budget.
Steps from the Configure Columns window in the Company Admin tool… | Settings |
---|---|
|
Pending Cost Changes Column
The Procore Standard Budget View includes a 'Pending Cost Changes' source column. Use the steps below to update that column.
Steps from the Configure Columns window in the Company Admin tool… | Settings |
---|---|
|
Projected Costs Column
The Procore Standard Budget View includes a 'Projected Cost ' calculated column. Use the steps below to update that column.
Steps from the Configure Columns window in the Company Admin tool… | Settings |
---|---|
|
Content
Budget Changes and ERP Integrations
- For companies using the ERP Integrations tool: Show/Hide
- Only 'Approved' budget changes can be sent to Procore + ERP Integrations.
- Budget changes can be retrieved from Procore + ERP Integrations if they have not yet been synced.
- Budget changes cannot be edited or deleted once synced with the integrated ERP system.