Role: ✔ Admin, ✖ Team Manager, ✖ Employee
This feature allows you to create budgets for different departments within your company and assign members accordingly. It's especially useful for organizations with multiple departments, enabling you to monitor and manage expenses effectively across each department.
To Create a Budget
1. Log In: Start by logging into your Summit dashboard and select 'Budgets' on your homepage.
2. Create New Budget: On the 'Budgets' page, click on '+ New Budget'.
3. Enter Details: Enter a name for your budget in the 'Budget Name' field, set the budget limit, and select a Budget Owner. Click ‘Create Budget’ to proceed.
4. Add Members: Under the 'Members' tab, click on '+ Add Member'. Select the members you want to add to the budget and click 'Confirm'.
To Appoint a Budget Owner
A Budget Owner is able to:
- Approve Cash Reimbursement requests submitted by Budget Members.
- Check user balance (only within the budget).
- Submit budget invoices. Invoices submitted by Budget Owner are subject to admin approval.
To appoint a Budget Owner, you can follow the steps below:
1. On the 'Budgets' page, scroll down to see the list of your company budgets and select the budget you want to edit.
2. Select the member of the budget that you want to appoint as Owner. Click on the button and select ‘Set as Owner’ to set this member as an Owner for this budget.
3. If you want to set an Owner of the team as a Member again, you can simply click ‘Set as Member’.
To Edit the Budget's Policies
1. On the 'Budgets' page, scroll down to see the list of your company budgets and select one team to edit.
2. You will be redirected to the Budget Profile. Go to the 'Policies' tab to set the budget spending limit. Click ‘Save Policies' to save the changes.
These policies apply to the team's collective card spending. For example, if the 'Monthly Budget Spending Limit' is set to $5000, all members of the budget can collectively spend up to $5000 for the month through their cards.
That's it about budgets! Easy, right? If you have any more questions or need further assistance, don't hesitate to reach out to us at support@summitglobal.com. We're here to support you!