code | is used to reconcile this budget with ERP or accounting tool. Also used by users to refer to a budget instead of the name. |
name | This is a human readable name for the budget. |
Budget amount | Amount set for this budget. Available amount remaining in this budget will be Budget amount(this value) - Committed - Paid out |
Committed | From the budget amount this amount is committed to be paid but not yet paid. When a POR is approved this value is updated(increases). When a POR is marked as paid, this value decreases |
Paid out | From the budget amount this amount is already paid out. When a POR is marked as paid, this value is updated(increases). |
Approver 1 | First approver for this budget. Typically a manager |
Approver 2 | Second approver for this budget. Typically a senior manager |