Setting top-down budgets, along with forecasting the outcome of that budget, is an essential step in gaining visibility on your spending and reducing costs. Brightflag’s cost center budgeting tools let you do just this.
Admin users can set budgets and only Admin users can view all budgets that have been set*.
**Essential Reading**
For a detailed list of all budget types available on Brightflag, please refer to the following help articles:
- Overview of Budgeting
- Budget Requests - All You Need To Know
- Where do matter budgets appear in Brightflag?
- Estimating a Matter Budget
- Interpreting the Results of your Cost Center Budgets
- Manually Reviewing Budget Requests
To set a cost center budget:
- Navigate to Menu > Financial Management > Cost Center Budgets.
- Click Add Budget.
- Enter a Budget Name.
- Enter a Budget Amount.
- This is the budget for the fiscal year.
- This is the budget for the fiscal year.
- Choose a Budget Type.
- This can be either Overall, Department, Entity, Vendor, or Matter Group.
- This can be either Overall, Department, Entity, Vendor, or Matter Group.
- Choose a Budget Value.
- Select a Fiscal Year.
- Finalise the setup by clicking Add Budget.
You can set as many budgets as you’d like. We recommend starting with an overall budget before tackling more specific areas of your spend.
Viewing Phased Budgets Charts
Viewing a Periodic Budget Chart
Now that you have these powerful insights to hand so it's time to interpret the results and take action. Click here to learn more.
* Only Admin users can view the Cost Center budgets page by default. There is an option to allow Department Overview users to also view this page, but please note that Department Overview users would be able to see ALL cost center budgets, not just those restricted to their department(s). If you are interested in making this change, please contact your Brightflag Customer Success Manager.
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