Advanced Project Budgeting
Advanced Project Budgets enable you to stay on track with cost and revenue for each project. A work breakdown structure (WBS) separates the work on a project into parts, called work items. You can assign values to every work item, revenue, and cost. When you fill an estimate to complete values for cost and revenue, you can save the work breakdown structure and convert it to a budget. The values from the budget appear in the Budget vs. Actual Report.
With Advanced Project Budgets, you can:
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Report across multiple projects or customers using activity codes.
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Create a work breakdown structure on your project and assign estimated amounts to cost or revenue.
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See amounts from real transactions, which are useful for budget evaluation.
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Structure the budgets with a hierarchy.
Advanced Project Budgets support auto-versioning. NetSuite automatically saves every generated budget as a new version and keeps the previous versions accessible in the system.
You can display each budget version, but you can only compare the versions side-by-side.