Budgets and Forecasting

Settings > System Settings > Application Settings > Financial Settings > Budget Restrictions

Financial Restrictions

The options available under Financial Restrictions depend on whether you are using budgets or spend plans.

Allocations

With budgets, allocations are optional. Allocations offer a high level of restriction and control over your funds.

When allocations mode is on:

• Funding sources and allocations are required.

• Funding sources must be placed at the top of the organization.

• All budgets must be associated with at least one funding source.

When allocations mode is off:

• Associating a budget with a funding source is optional.

• Funding sources can be used by all projects in the organization or limited to only be used by specific OUs.

• Funding sources are optional. You can attribute funds to budgets instead of drawing funds from funding sources.

For more information, see Allocations Mode.

Enforce Budgets

When budgets are enforced, all projects must have a budget. When they are not enforced, projects can still have budgets, but they are optional.

Enforce Funding Sources

When enforce funding sources is on, all budgets must be associated to a funding source.

Enforcing funding sources can be useful if you don't want to use allocations, but still want to use funding sources or attribute spend to a specific “bucket of money.”

Spend Plan Restrictions (Legacy)

Forecasting

You can turn on the Forecast toggle on the graph of a spend report that uses monthly granularity (forecasting is not available for daily granularity). Use the settings button next to the toggle to open Forecasting Settings and choose a Forecast Lookback period (1, 3, 6, or 12 months, or a custom range), which controls how much historical data is used to identify trends.

Migrating from Spend Plans to Budgets

When users switch back to spend plans all budgets and thresholds will be lost. All enforcements created that are associated w/ budgets and thresholds will be lost.