Budget Type

This entry is part 14 of 16 in the series Focus Guide - BFA: Budgets

When a Budget document is created automatically, the Budget Type field indicates what created the Budget.

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.

Example
You make a change to your BFA workbook and then Approve that Budget document (#0002).

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.

 

 

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