🛒Steps to Create a Merchant Category-Type Budget

1. Create a Budget: In the main navigation bar on the left-hand side, select Budgets, then click Create Budget in the top-right corner.

1. 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

2. Add a Description: Provide a brief description of the budget to give context for its purpose.

3. Select Budget Owners: Choose the team members responsible for allocating expenses, receiving budget-related notifications, and managing the budget setup.

1. 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

1. Continue: After completing the name, description, and budget owner selection, click Continue.

2. 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.

     
3. Set the Budget Amount: Enter the amount you want tracked under this budget.

4. Select Budget Type: From the available options, choose Merchant categories.

5. Add Merchant categories: Select the Merchant categories you want to include in this budget for tracking expenses.

1. Save: Click Save to complete your budget setup.