By default all budget methods are for the complete duration of a project. But sometimes it might be useful if a project has a recurring budget since you want to measure the tracked against a budget even on “never-ending” projects like service-contracts. You can think of recurring budgets, that the amount spent (either time or money) will be back to zero after a period of time (either weekly or monthly). Here you learn how to set up a recurring budget for your project.
First, enable “recurring budget” on the create/edit project site:
Then, select a period for the budget. If you choose weekly period, the actual amount spent starts from zero on every first day of the week regarding to your company profile.
If you select monthly period, the actual amount spent starts from zero on the day you selected. Please note that 25th day in the month is the limit and you can’t go further.
Now you created a recurring budget for your project you can see it on the project dashboard on two positions. First, you have a date-picker where you can go thought the time periods (weeks or months). Second, you see on the instant board the selected period after the budget amount.
Of course, all widgets for the budget will be changing according to the budget period. On the project summary report we only show the budget for on period.
Please note, that when you changing the amount of the recurring budget on a budget, these changes also will be applied to all past periods!