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View Budget Reports

Objective

To view and summarize the different reports that are available in the project's Budget tool. 

Background

You can gain access to a number of reports from the project's Budgets tool. Although reports can be accessed from the project's Budget tool, they are generated with project's Reports tool. 

Things to Consider

  • Required User Permissions:
    • 'Read-Only' and higher on the Budget tool. 
  • Requirements:

Steps

  1. Navigate to the project's Budget tool. 
  2. Under Budget Reports, click one of these links to learn about each report:

Budget Modifications Report

The Budget Modifications Report provides a comprehensive list of all budget modifications that have been performed on the budget. It's important to remember that budget modifications can only be added to a locked budget. Since users with 'Standard' and 'Admin' user permissions on that Budget tool can perform budget modifications, you can use this report to quickly identify who made a particular modification, as well as when it was added to the budget.

Buyout Summary Report

Note: It is possible to create a similar view for your budget in the Admin tool. See "Set up a New Budget View" in the See Also section below.

Any user with 'Read-only' and higher permissions on the Budget tool can view the report. The report will display every line on the Budget, and will only display approved Commitment contracts for those line items. This report can be used to quickly determine which vendors are working on each Budget line item and identify any Budget line items where the Commitment contracts have not been written or finalized. 

Budget Detail Report

Note: This report is fixed and will not change to match different views you have on the project.

The Budget Detail Report provides the most detailed report of your budget. Any user with 'Read-only' and above permissions on the Budget report can view the report.

It shows an exhaustive and details breakdown of all types of changes to the budget including:

  • Contract Change Orders
  • Commitments
  • Budget Modifications 


Monitored Resources

The Monitored Resources Report provides a summarized list for monitored resources organized by budget line item. This report provides project users with the ability to forecast cost in the project's Budget tool based on resource, duration, unit cost, and utilization percentage for all resources on all budget line items. The report also includes an 'Actual Cost Through' filter that providers users to filter their budget costs (such as Direct Costs, Subcontractor Invoices, and Monitored Resources) by a specified date.

When applying the Actual Cost Through filter to the report, please note that subcontractor invoices are filtered by 'Billing Date' field and Direct Costs are filtered by the 'Date' field

See Also

If you would like to learn more about Procore’s budget management software and how it can help your business, please visit our construction budgeting software product page here.

 

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