How to review budget utilization

How to review budget utilization

Open Budget and select the relevant record. Compare allocation, committed activity, actual spend, available amount, effective dates, and status. Investigate transactions assigned to the wrong budget, missing activity, and spending outside the approved period. A dashboard utilization percentage is a summary; use the budget record and supporting transactions for decisions.
    • Related Articles

    • Creating a department budget

      Audience: Budget administrators, finance teams and department heads Use a department budget when an approved allocation belongs to a department and should cover that team's operating spend. Do not use it for a temporary project; create a project ...
    • Creating a project budget

      Audience: Budget administrators, finance teams and project owners Use a project budget when money is approved for a defined project with an owner, dates and planned work. Use a department budget for recurring departmental operating spend. BEFORE YOU ...
    • How to review wallet transactions

      Open Wallet and confirm the selected organization and currency. Review balance, credits, debits, payouts, pending transactions, dates, and references. Match wallet activity to approved requests, bills, payments, and accounting records. If a balance ...
    • How to review accounting entries

      Open Accounting and locate the period or transaction using search and filters. Confirm the source record, date, amount, currency, description, counterparty, account or cost classification, and status. Investigate missing links, duplicates, unexpected ...
    • Using Overview and Action Required

      Audience: All Spendive users Getting started with Spendive Spendive is where your organisation raises requests, tracks spending and manages procurement in one place. This article covers your first day. Before you start You will receive an email ...