The term "Budget" varies depending on the region. For our Asia-Pacific customers, it's often referred to "Budgeted Outgoings." European users will see it labelled as "Service Charge," while those in North America will find it listed as "Operating Expenses." The terminology used in the app adjusts based on your location. For additional clarity on regional vocabulary, please see our Glossary of Regional Terminology.
This article is designed to guide you through the process of viewing a budget by tenancy for a property. Understanding your budget allocations and how costs are distributed across tenancies is key to managing your property's finances effectively. Below, we'll show you how to access and interpret your property's budget information.
Navigating to Your Budget
To view a budget related to a specific property, follow these simple steps:
- Select the desired Property from your dashboard or property list.
- On the left-hand side, click on Outgoings.
- Access the Budgets tab to view all existing budgets for that property.
- Identify the budget you wish to review by locating the Budget Title, then click on it or the View Button to open it.
Interpreting the Budget Summary
Once you've opened a budget, you will be brought to the Budget Summary page. Here's what you will find:
- A list of budget allocations with both budgeted amounts and the amounts assigned to the tenant.
- Insight into the proportions of your budget that have already been allocated.
Detailed Budget Analysis
For a deeper understanding of your budget's impact, the Budget Details page will provide:
- An itemized view of how much income is forecasted to be allocated to each tenancy for specific budget items.
- The total calculated cost associated with each lease.
- An aggregate amount of the budgeted cost that is recoverable from all tenants.
This granular perspective enables you to effectively manage and adjust your property's financial planning.