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Uncategorized Budget Amounts (Summary Amounts)

If budgets are entered in summary amounts, one budget line is entered for the project or for each budgeted task (depending on the Budget Entry Method selected for the budget). This line may summarize a combination of labor, expenses, usages, and other costs.

Note: The figure in the Quantity column would be meaningless if it combined hours, miles, and dollars. Therefore, if budget lines are entered at the summary level, the UOM (unit of measure) displayed for the Quantity column is Hours, and you may enter the total hours, regardless of any miles or dollars that comprise the cost or revenue figures you enter. (Similarly, the summary totals in the Quantity column for budget lines entered in detail show only the total hours, and disregard quantities of miles or dollars that may comprise the total cost or revenue.)

Categorized Budget Amounts (Detail Amounts)

You can choose to budget by different resources for different kinds of projects. For example, you can budget labor by employee for small research and development projects, and by organization for large design projects. You can also budget different budget types using different resources.

You select the resources you want to use in your project budget from the resource list you choose when you enter the draft.