By default, the Budget Type can be any of the following:
|Project||If created from the Project Setup document (Initial Budget)|
|CCO||If created from a CCO document|
|Change Order||If created from a Change Order document|
|Commitment||If created from a Commitment document|
|Period Distribution||If created from a Period Distribution document|
|Manual Revision||If you created the Budget document|
Note: Unlike the other Budget Types, which appear automatically on the document, you need to select Manual Revision manually. If you do not select a Budget Type, the field will remain blank.
You create a Change Order document with a corresponding Commitment document in your project. Your Commitment adds $3000 to your expenses. When you Commit the Commitment, a Budget document (#0003) is created.
You add a 10% markup to your Change Item Budget Entries for a total of $3300 revenue amount on the Change Order. You Approve the Change Item and then post the revenue change; a Budget document (#0004) is created.
You can review any of the BFA workbook snapshots, each created when a change was made to the budget.