Hanna is the Purchasing Manager at a construction company in California and asked about setting up budgets for her departments and jobs…
“When a department buys something, like a computer or office supplies for example, it goes against their monthly budget but when we buy something for one of our jobs, the budget can span several months in some cases.”
No problem Hanna, you can track both “time-based” and “overall” budgets in SpendMap.
For your time-based budgets, you would typically allocate funds by month, quarter or year but when you allocate an overall budget to a project or a job, that budget will be available for the life of the project, regardless of how long that takes.
Theoretically an individual Cost Center (department, project, job, etc.) could have both time-based budgets and an overall budgets but that’s pretty unusual. Typically it’s one or the other.
You can enter both time-based and overall budgets in the Cost Center Master File…