Budget for a Client allows you to plan how revenue from different sources will be used to provide desired Services, cover Fees and Premiums, and pay for Equipment/Supplies.
Income items are grouped by Program, with the ability to define your Sources, Supplements and Fees/Charges for each. Income items let you define the amount of money a specific Funder will contribute to the care of your Client.
Expense items are defined as Services, Fees, Premiums or Equipment/Supplies.
The Funder breakdown is colour coded to indicate the division of funding between different Sources/Supplements/Fees & Charges.
The Expense Breakdown similarly is colour-coded to indicate the division between different Expense items, but only Services are taken into account.
The Budget’s Balance is derived from the Total Income less the Total Expenses. As with any budget, the Balance is calculated taking your total income, less your expenses. The goal is to keep the balance green and positive.
Set the Feature Flag
In Settings>All Settings>Features, make sure the flag Budgets is ON.
Create Income Codes
Income Codes are necessary to set up Income items in a Budget.
The Income Code defines how a given Funder will be charged by default for the Income item.
Create Budget Templates
If most of your Client Budgets will use a common base, you can define Budget Templates that will auto-populate new Client Budgets.
Create a Budget for the Client
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