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🧢 Set up a budgetary period on Spendesk
🧢 Set up a budgetary period on Spendesk

Set up your first budgetary period within Spendesk

Updated over a week ago

This article is for Account Owners and Controllers with an Admin role.

A budget is a financial plan built by the finance team with the contribution of budget owners, for a defined period.

It is meant to best allocate company resources to support strategic objectives.

➡️ The goal is to plan how much the company can spend and on what (which cost centers will be impacted).

On Spendesk, you can enter your budgets for a whole year (from January to December) or on a custom period (less than one year).

You can also choose the granularity with which you wish to communicate on your budgets: by month or on the overall period of your budgetary year.

Define your first budgetary period

Go to Settings > Budgets.

  • Enter the name of your budgetary period (example : 2021 - Full year)

  • Choose a budgetary period: current full year or custom period.

    • If you select "custom period" you're able to select a start and end date.

  • Choose the granularity of your budget in the "Budget definition": you can define your budgets monthly or annually.

➡️ To help you define your budgets on your cost centres, you can go to this page.

Create another budgetary exercise

If you wish to create a second budgetary exercise, simply click on the name of your budget year and then click on "Create a new budget exercise".

Please note: you will not be able to create a budgetary exercise based on the same dates as another budgetary exercise!

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