How to set your Budget Cycle

Select the right cycle for your Budget

When creating a new Budget, you will be required to set a cycle:

Help - New Budget Cycle-1

ONE-TIME

  • Select this option for non-recurring budget. Members can spend the amount until there is no money left.
  • A one-time budget can be topped up manually by a company Admin but will not repeat, or reset itself.
  • Example: Budget for a conference mid June. The team members can spend from April to June up to $10k.
  • Unspent money stays on your main Budgetly account and can be set by admin toward other budgets.

RECURRING MONTHLY

  • Select this option for team, staff or subscription budgets.
  • Members can spend the amount every month.
  • The amount will reset on the 1st each month, with any unspent amount forfeited by the members.
  • Unspent money stays on your main Budgetly account and can be set by admin toward other budgets.
  • Example: Budget for sales team to visit clients.
  • Budget can start and ends any given month, or leave the dates empty for never ending budget (not recommended).