Budget types

Automatically created budget types

InLoox generates two budgets automatically:

• Expense (actual, time tracking)
• Expense (plan, resources)

Expense (actual, time tracking) is based on the time tracking entries in the InLoox tasks, the Expense (plan, resources) is based on the resources working on the project tasks.

Both budgets are only automatically filled with budget items if they fulfill these requirements:

1. You have created tasks in a project
2. You have assigned time tracking entries to project-specific tasks, or have assigned resources to these tasks
3. You have specified the effort for the tasks

You can’t edit some elements of the budget items, such as group, units etc. If you want to make changes then you’ll have to make the edits in the tasks or time tracking entries directly.

Budget types you can create manually

Next to the two automatically created budget, you can also create four types of budgets manually:

Planned Expense – Use this budget type to create a budget for your planned expenses based on the purchase price.

Actual Expense – Use this budget type to create a budget for commissioned orders or already received services. The sum of the budget items will be calculated based on the purchase price of the group.

Planned Revenue – This budget type is used to create a budget for planned revenues based on the sales price of the respective group.

Actual Revenue – Use this budget to create a budget for already invoiced services or for services the customer has already received. The sum of the budget is based on the sales price of the respective group.