Budgets & Sub-budgets: Create, Edit and Delete

👨‍🏫 In this article you will learn how to:

• Create Budget & Sub-budgets
• Edit Budget & Sub-budgets
• Delete Budget & Sub-budgets
  
  

Create Budgets

Budgets can be thought of as the total amount of financial resources that are allocated to a project and can be made up of more detailed, sub-budgets. The purpose of creating budgets and sub-budgets in Mastt is to provide control over the actual project costs and ensure we are tracking if the project is over or under the budget, a metric which we call variance.

To create a budget, follow these easy steps.

Step 1: From the 'Hamburger Menu', navigate to the 'Cost Module'. 

Step 2: From the Three Dots Menu, click 'Add Budget'. This can be done from the 'Overall' page or 'Budgets' page.

Step 3: From the Add Budget form, enter a Budget Title, Amount and Status. We can add sub-budgets afterwards! 

Step 4: Once you've created a budget, you can then create sub-budgets from the Three Dots Menu ( ) in the same way. Be sure to use the Three Dots Menu next to the budget you want to add sub-budgets to.

Step 5: The Add Sub-Budget form allows you to add Sub-Budget rows by clicking 'Add Sub-Budget'. To each row, add a Sub-Budget Title, Amount and Status. We can add even more sub-sub-budgets if you need to.

Edit Budget

Step 1: Using the Three Dots Menu next to the Budget or Sub-Budget you want to edit,  click 'Edit Budget' to open the Edit Budget form. 

Step 2: Make the appropriate changes in the Edit Budget form and when you're done, click 'Update Budgets'.  

Delete Budget

Deleting Budgets and Sub-Budgets in Mastt can only be performed from the Budgets Register. We recommend consulting with your Project's Administrator to ensure you have the access and permission to make the appropriate changes.

Step 1: Using the Three Dots Menu ( ) next to the Budget or Sub-Budget you want to Delete,  click 'Delete Budget'.

Create or Add Sub Budget

Step 1: From the 'Hamburger Menu', go to 'Cost Module' and navigate to Budgets.

Step 2: Once clicking Budgets, this will open a popover menu with 'Budgets' and 'Budget Adjustments' selection. 
Click 'Budgets' to go to the Budgets Register.  

Step 3: Click the Three Dots Menu next to the Budget that you would like to nest the Sub Budget, then select 'Add Sub Budget'.

Step 4: The Add Sub-Budget form allows you to add Sub-Budget rows by clicking 'Add Sub-Budget'. 

To each row, add a  Sub-Budget Title, Amount and Status. 

We can add even more sub-sub-budgets if you need to.
Click 'Add Sub Budget' located at the right bottom part of the form.

Edit Sub Budget

Editing Sub-Budgets in Mastt can only be performed from the Budgets Register, and we recommend consulting with your Project's Administrator to ensure you have the access and permission to make the appropriate changes. 

Step 1: Click the arrow next to the selected Budget to reveal the Sub Budget. 
Click the Three Dots Menu next to the Sub-Budget you want to Edit then select 'Edit Budget'.

Step 2: Click 'Update Sub Budget' when you're done!

Delete Sub Budget

Deleting Sub-Budgets in Mastt can only be performed from the Budgets Register. We recommend consulting with your Project's Administrator to ensure you have the access and permission to make the appropriate changes.

Step 1: From the 'Hamburger Menu', go to 'Cost Module' and navigate to Budgets.

Step 2: Once clicking Budgets, this will open a popover menu with 'Budgets' and 'Budget Adjustments' selection. 
Click 'Budgets' to go to the Budgets Register. 

Step 3: Click the arrow next to the selected Budget to reveal the Sub Budget. 
Click the Three Dots Menu ( ) next to the Sub-Budget you want to Delete then select 'Delete Budget'.