Budget Items

Budget items are one of the building blocks of a project budget. Initially, the system uses budget items to establish default ChartField values for budget rows. Later, budget items provide a way of identifying and grouping transactions that the system uses to identify a project activity's budget costs or revenue for a given period.

Project budgeting uses the fields defined on the budget item to match with actual amounts in project transactions. Only those transactions that match the defined ChartField values are counted as actuals for a given budget item.