Role: ✔ Admin, ✖ Accountant, ✖ Bookkeeper, ✖ 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 policies, and select a Budget Owner. Click ‘Create Budget’ to proceed.
4. Add Users: Under the 'Budgets' tab, click on the Budget Name that you wish to add more users.
5. Add Users: Under the 'Users' tab, click on "Add Users" to add more users.
6. Add Budget Users: You may search for the user(s) to be added. Once done, click the "Save" button
7. Edit Budgets: In case the budget name needs to be deleted or be renamed, on Budgets tab, you may click on the 3 dots under actions and choose to action accordingly.
Note: You will not be able to delete the budget if the budget has ongoing reimbursement
To rename the budget, select the "Rename Budget" option, fill up the new Budget Name and click "Save"
Alternatively, you are able to rename the Budget Name under the Policies tab when there is dedicated budget policies to be assigned on the respective budget.
Once all the details are filled, click "Save Policies"