Financials

Budget & Savings Status | Adding Budget | Adding Savings | Updating Budget or Savings


What are Financials?

Financials can be defined as the budget available for a project or activity and the monetary savings associated with it's successful delivery. 


Budget & Savings Status

By using the dropdown field, the user can select the most appropriate status for the overall budget and savings, and provide any associated commentary. This information can be updated in real-time.


Adding Budget

This is where the user can list the individual costs for delivering a project or activity. For example, training, staff, renting of buildings, stationary etc. The budget breakdown can be added to the project table via Actions > Add.

Budget

Budget information can be entered using the simple form containing dropdowns, text, numeric, date and user picker fields.

Budget Form

Anyone added as an Owner will receive a Verto notification and can set-up their own reminders for completion. 


Adding Savings

This is where the user can list the individual financial savings for delivering a project or activity. For example, reduction in staff, reduction in property footprint, reduction in stationary spend etc. The financial savings breakdown can be added to the project table via Actions > Add.

Savings

Savings information can be entered using the simple form containing dropdowns, text, numeric, date and user picker fields. 

Savings FormAnyone added as an Owner will receive a Verto notification and can set-up their own reminders for completion. 


Updating Budget or Savings

Click on Edit against the individual budget or savings line to amend the information in the form.

The Updates area at the bottom of the form can also be used to record regular progress updates.  Click Actions > Add to record a new update.


Remember

  • Owners must be added to the Project Team, otherwise they will not have permission to access the project or activity. 
  • The layout of the project table can be changed to view the data in the Edit All view using Actions > Layout.
  • Click on the highlighted links to take a look at our Features section in the Knowledge Hub for more information on notifications, changing the project table layout and the other options visible in the menu.