Create a Budget:
In the main navigation bar on the left-hand side, expand your menu be clicking on "More" and then select Budgets, then click Create Budget in the top-right corner.
2. Name Your Budget:
Give your budget a clear, descriptive name to ensure easy identification. In the below screenshot we named this budget "Subscriptions" as we will use it to track all subscription related costs
3. Add a Description:
Provide a brief description of the budget to give context for its purpose.
4. Select Budget Owners:
Choose the team members responsible for allocating expenses, receiving budget-related notifications, and managing the budget setup.
5. Notification Preferences:
After selecting budget owners, toggle whether or not you want them to receive notifications by clicking the bell beside your selected budget owners
6. Continue:
After completing the name, description, and budget owner selection, click Continue.
7. Choose Budget Frequency:
Recurring: For ongoing expenses (e.g., monthly marketing spend). Choose a frequency: monthly, quarterly, or annually, and set the number of cycles.
Cycle: Select how often the budget will recur (monthly, quarterly, or annually).
Start Date: Choose when you want the budget to start.
Select Number of Cycles: For example, if you select monthly with 12 cycles, the budget will run for a year but reset every month.
One-Time: For specific, one-off events (e.g., product launches, conferences).
Start and End Dates: Add the dates for when the budget will run.
8. Set the Budget Amount:
Enter the amount you want tracked under this budget.
9. Select Budget Type:
From the available options, choose Merchant Category.
10. Add Merchant Categories:
Select the merchant categories you want to include in this budget for tracking expenses.
11. Save:
Click Save to complete your budget setup.