Setting budgets within BuilderPad provides a meticulous approach to financial management for each Cost Code, ensuring you maintain a tight rein on your project finances.
Here’s how it benefits you:
Real-Time Monitoring: Assign individual budgets or allowances for each Cost Code, allowing you to monitor budget adherence in real-time. As selections are approved, they are reflected in the "Amount Approved" section, giving you a clear, current view of your financial standing.
Budget vs. Actual Tracking: With each approval, watch how your actual spend measures up against the planned budget. This feature offers granular insight on a per Cost Code basis, making it easier to identify areas of overspending or savings opportunities.
Enhanced Financial Visibility: Gain comprehensive visibility into the financial health of your project. The intuitive interface showcases your total budget alongside amounts approved, ensuring you always know where you stand financially without the need for complex spreadsheets or manual calculations.
Here is how you go about setting a budget for each Cost Code: