How to set up Budget Checking with gross or net amounts
- To set up Budget Checking with gross or net amounts, go to the main menu and select your Organisation.
- Under Workflows And Settings open Budget Checking:
- Click on the gear icon in the upper right-hand corner and specify whether ApprovalMax is to use gross or net amounts for Budget Checking:
- Finally, click on SAVE to apply your changes.
Related Articles
Bill-to-PO Matching: How to set up Matching with gross or net amounts
Select your Organisation in the main menu and open "Approval workflows" page under "Workflows and settings" section. Click on the Bill workflow. Click on the gear icon and scroll down. The default setting for all Organisations is GROSS. Finally, ...
What is the Budget Checking feature?
The Budget Checking feature makes sure that an Organisation does not overspend, i.e. does not spend more money than intended: Budgets are prepared either in Xero or some other 3rd-party system, and then uploaded/synced to ApprovalMax where Bills and ...
Budget Checking filters
When you're uploading/adding a budget in Xero, you can set filters for the Tracking Categories that will be applied to this particular budget. You can either select one of the existing tracking options, or use one of the following: Unassigned - Empty ...
What are budget check periods?
On the Budget Checking page, the Organisation Administrator can set a check period for the budget: Let's see how a budget is calculated for each period, taking into account the respective Xero settings. The overall budget is 20 USD per month for the ...
Do Tracking Categories affect how Budget Checking is applied to requests?
Yes, Tracking Categories do have an effect because they are a filtering option. If you upload a budget for a specific Tracking Category, it will be applied against the line with this Tracking Category+Account. Please note: the overall budget, which ...