How to Create a Budget by Items Custom Fields

Precoro’s budget is set up to limit and track purchases in any desirable way, whether by Location, Department, or any Items Custom Fields (Chart of Accounts/ Cost Centers or General Ledger). 


How to Enable Adding Items Custom Fields to Budgets

In your Items Custom Field, tick the Budgets checkbox. It enables you to create budgets by Chart of Accounts, Classes, or General Ledger.

Please note: If you need more than one budget for a Purchase Order or Invoice, you must set up Budgets by Chart of Accounts or Classes.

If you do not see a Chart of Accounts, Classes, or General Ledger, please read this article on How to Create Chart of Accounts.

You can calculate your budget either by Net Total (an amount with no deductions) or Gross Total (an amount with the deduction of taxes or discounts). See the demonstration below on how to configure this:

How to Create Budgets by Items Custom Fields

How to Select a Budget per Items in Documents

After creating budget sub-lines using your company’s Items Custom Fields, you will be able to set different budgets for different items and understand the budget availability while creating Purchase Orders or Invoices.