Configure Budget Change Types

Budget Change Types are classifications used to categorize fund transfers such as contingencies, allowances, or buyouts within the Budget tool. By assigning a type to each change, companies can better track the nature of budget adjustments, streamline financial reporting, and gain granular visibility into how project funds are being reallocated.

• Required User Permissions:

  • 'Admin' level permissions on the Company level Admin tool.

• Additional Information:

  • The ability to create custom types is not supported at this time.

  • You can use Configurable Fieldsets to set the 'Type' field as 'Required' or 'Optional' to match your company's data entry standards.

  • Once enabled, the 'Type' field can be added as a column in both the Budget Change list view and the main Budget view using the Table Settings icon.

  • Budget change types are available as filters in reports, allowing you to segment your financial data without creating custom data sets.

1. Navigate to the Company level Admin tool.

2. Under 'Tool Settings', click Budget. 

3. Click the Budget Change Configurations tab.

4. In the Budget Change Types table, use the checkboxes to enable or disable specific types for your company.

   • Allowance

   • Buy-out

   • Contingency

   • Production Quantity

   • Transfer

Note: Depending on your company's configurations, all types listed above may not be available for use. At least one type must be selected as "Available" at all times.