Expense Budgets

Direct and reimbursable expenses, particularly consultant expenses, can represent a significant project cost, making expense and consultant budgets important project management tools.

On the Expenses + Consultants tab of the Budget form, you can enter a budgeted cost and/or billing amount for each direct and reimbursable account that will receive postings for a project.

Summary-level Budgets

Some enterprises use budgeting accounts to build summary-level expense budgets, rather than entering budgets for every relevant account. To do that, they create a budgeting account for each category of expenses; for example:

• 519.99 Reimbursable Consultant Budgets
• 599.99 Reimbursable Expense Budgets
• 619.99 Direct Consultant Budgets
• 699.99 Direct Expense Budgets

Then they enter budgets for just these accounts.