Budget Tab

This section describes the fields and actions on the Budget tab in the Estimating workspace.

After selecting a job and specifying a budget type, use this tab to view details regarding the budget you specified, and edit as needed. If you have the requisite access rights, you can also approve budgets submitted for your review.

Field	Description
Show Budget	Select a job budget type from the drop-down list.
Fixed Price, Time	This field displays the budgeted amount of employee time on a fixed price job, as entered in the sub-tab. This field value is displayed in either days or hours, depending on the specified time unit for the job. Note: This field is shown only if the job is set up with a fixed price. If you are working on a job that is set up to bill all costs, such as T&M jobs, this field is automatically hidden in the tab.
Fixed Price, Cost	These fields display the budgeted fixed cost price of the job. Total costs are displayed for the following: Time - Total cost of time activities Amount - Total cost of amount activities Total - Total cost of all budgeted lines Note: These fields are shown only if the job is set up with a fixed price. If you are working on a job that is set up to bill all costs, such as T&M jobs, these fields are automatically hidden in the tab.
Fixed Price	This field displays the total budgeted fixed billing price based on the job setup. Note: This field is shown only if the job is set up with a fixed price. If you are working on a job that is set up to bill all costs, such as T&M jobs, this field is automatically hidden in the tab.
Fixed Price, Gross Margin, Total	This field displays the budgeted gross margin on the job for expenses that are included in the fixed price of the job. This is calculated by subtracting the value in the Fixed Price, Cost field from the Fixed Price, Total field. Note: This field is shown only if the job is set up with a fixed price. If you are working on a job that is set up to bill all costs, such as T&M jobs, this field is automatically hidden in the tab.
Fixed Price, Gross Margin %, Total	This field displays the budgeted gross margin represented as a percentage on the fixed price of the job. Note: This field is shown only if the job is set up with a fixed price. If you are working on a job that is set up to bill all costs, such as T&M jobs, this field is automatically hidden in the tab.
T&M, Time	This field displays the budgeted amount of employee time on a job that is billed separately from the fixed price. The value in this field is displayed either in days or hours, depending on the specified time unit for the job. Note: This field is only shown for T&M jobs or fixed price jobs where some budget lines are excluded from the fixed price.
T&M, Cost	These fields display the budgeted billing prices of the job. Total costs are displayed for the following: Time - Total cost of time activities Amount - Total cost of amount activities Total - Total cost of all budget lines Note: These fields are shown only for T&M jobs or fixed price jobs where some budget lines are excluded from the fixed price.
Billing Price	These fields display the budgeted billing prices based on lines created in the sub-tab. Total billing prices are displayed for the following: Time - Total billing price for T&M time activities Amount - Total billing price for T&M amount activities Total - Total billing price for all T&M budget lines Note: These fields are shown only for T&M jobs or fixed price jobs where some budget lines are excluded from the fixed price.
T&M, Gross Margin	These fields display the budgeted gross margin (that is, billing price less cost) on the job for the following: Time - Total budgeted gross margin for all time activities Amount - Total budgeted gross margin for all amount activities Total - Total budgeted gross margin for all budget lines Note: These fields are shown only for T&M jobs or fixed price jobs where some budget lines are excluded from the fixed price.
T&M, Gross Margin %	These fields display the budgeted gross margin represented as a percentage on the job for the following: Time - Total budgeted gross margin % for all time activities Amount - Total budgeted gross margin % for all amount activities Total - Total budgeted gross margin % for all budget lines Note: These fields are shown only for T&M jobs or fixed price jobs where some budget lines are excluded from the fixed price.
Grand Total, Time	This field displays the total budgeted amount of employee time entered in the sub-tab. This field value is displayed in either days or hours, depending on the specified time unit for the job. Note: This field is shown only on a fixed price job where some budget lines are excluded from the fixed price.
Grand Total, Cost	This field displays the total for budgeted costs entered in the sub-tab. If the current job is set up to track costs separately for fixed price items and billed costs, this field combines the costs for both. Note: This field is shown in the tab only when the job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. If you are working on a T&M job, this field is automatically hidden.
Grand Total, Billing Price	This field displays the total for budgeted billing prices entered in the sub-tab. If the current job is set up to track costs separately for fixed price items and billed costs, this field combines the costs for both. Note: This field is shown in the tab only when the job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. If you are working on a T&M job, this field is automatically hidden.
Grand Total, Fixed Price	This field displays the total budgeted fixed billing price for the current job. Note: This field is shown in the tab only when the job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. If you are working on a T&M job, this field is automatically hidden.
Grand Total, Gross Margin	This field displays the total budgeted gross margin for budget lines entered in the sub-tab. Note: This field is shown in the tab only when the job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. If you are working on a T&M job, this field is automatically hidden.
Grand Total, Gross Margin %	This field displays the overall budgeted gross margin for budget lines entered in the sub-tab, represented as a percentage on the sum of all fixed and billing prices for the job. Note: This field is shown in the tab only when the job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. If you are working on a T&M job, this field is automatically hidden.
Grand Total, Currency, Cost	This field displays the total for budgeted costs entered in the sub-tab, in the job currency. If the current job is set up to track costs separately for fixed price items and billed costs, this field combines the costs for both. Note: This field is shown in the tab only when the following criteria are met: The job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. The job currency differs from the base currency.
Grand Total, Currency, Billing Price	This field displays the total for budgeted billing prices entered in the sub-tab, in the job currency. If the current job is set up to track costs separately for fixed price items and billed costs, this field combines the costs for both. Note: This field is shown in the tab only when the following criteria are met: The job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. The job currency differs from the base currency.
Grand Total, Currency, Gross Margin	This field displays the total budgeted gross margin for budget lines entered in the sub-tab, in the job currency. Note: This field is shown in the tab only when the following criteria are met: The job is set up to track costs for a fixed price, or is a fixed price job that also has billable expenses. The job currency differs from the base currency.

Tab Actions

Button	Description
Submit Budget	Click this action button to submit a budget for approval. After submission, the record status is updated, and this action is disabled until you make additional changes. Note: This action is shown only for users with the required permissions, and when the job uses approval hierarchies, or follows a simple workflow.
Approve Budget	Click this action button to approve the current budget. Note: This action is shown only for users with the required permissions, and when the job uses approval hierarchies, or follows a simple workflow.
Reject Budget...	Click this action button to reject the current budget. Note: This action is shown only for users with the required permissions, and when the job uses approval hierarchies.
Reopen Budget	Click this action button to reopen an approved budget.
Undo Reject	Click this action button to undo rejection of a budget.
Other Actions	In the Estimating workspace, this drop-down list includes the following actions: Remove All Lines - Click this action button to delete all lines in the sub-tab. Recalculate Budget - Click this action button to recalculate prices on the budget lines currently displayed. Copy Budget... - Click this action button to copy the current budget. Transfer to Quotes - Click this action to create a new quote revision for the job budget you are currently viewing. To view the new quote revision, go to the Quotes workspace.