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Budget versions

What are budget versions?

Monitr allows you to manage multiple versions of your budget. These budgets will be used to compare versus your actuals and to calculate your forecasts.

There Monitr allows you to define multiple types of budget:

  • Initial budget: this is the budget that is used to compare versus my actuals. Typically this is the budget approved by your board.
  • Active budget: this is the budget that is used to calculate your forecasts

The budget version table contains the folowing fields:

  • Name: a unique name for the budget version
  • Date: date the budget version was created in Monitr
  • Initial: Toggle to indicate that a budget version is used as an initial budget.
  • Active: Toggle to indicate that a budget version is used as an active budget.
  • Budget Type: Indicated the source of the budget.
  • Comment: optional comments

Manage your budget versions

Creating a new budget version

Go to tab 'budget versions', where you can click '+ New budget version' and select the type of budget version you want to create.

A simple budget is a budget managed 'here', either via CSV upload or manual input.

After going creating a new budget version you still have to adjust column 'Initial' and 'Active', and end by clicking .

Changing initial and active budget

To change the budgets that are displayed in reports and dashboards:

  • Adjust column 'Initial' and 'Active'.
  • Click