Budget items

The items that comprise a budget plan come from several other applications in an instance, including Asset Management, Project Management, and Configuration Management. This enables you to budget your expenses for items across your IT infrastructure.

Each item in the budget plan has an actual item cost and an account number. The actual item costs roll up to comprise the budget plan's actual budgeted amounts for both capital and operating expenses, using the type of account code (capital or operating) associated with each item. You can further refine the costs of the items by specifying how many units to include in a single item, a unit cost, and the percentage of each unit that you want to include in the actual item cost.

Starting with the Helsinki release:

  • you can add product catalog items to budget items. See Product Catalog for more information.
  • Expense type will be determine by the Account selected on the budget item.