Create and submit a project budget workflow

When creating a project budget, you can enter the estimated revenues and costs for the project, and use the values to control the actual project transactions. Project budgeting requires all original budgets and revisions to go through a project workflow for approval. The workflow increases your control over the budgeting and creates a change history record. After you create a project, use this procedure to create and submit the budget.

1. Go to Project management and accounting > Projects > All projects.
2. From the projects list, select the project.
3. In the project's details page, select the Plan tab.
4. Under the Budget group, select Project budget.
5. On the General FastTab, enter the following information:
   • In the Description box, type a value.
   • Select option for Original budget.
   • Select option for Remaining budget.
6. Expand the Costs FastTab and select New. Then set make the following settings:
   • Select an option for Transaction type.
   • Select an appropriate Category.
   • Enter a value in Original budget.
7. Expand the Revenues FastTab and select New. Then set make the following settings:
   • Select an option for Transaction type.
   • Select a Category.
   • Enter a value for Original budget.
8. Select Save.
9. Select Workflow > Submit.
10. On the Review original budget workflow - Submit page, enter a Comment, and select Submit.