Monthly Budget

There are two ways to enter or modify a monthly target budget:

Click the edit icon in the Dashboard table

This will show options for the monthly budget, cycle date and basic account information such as ID, account owner, tags and notes.

Hover over the budget you want to modify

Here you can see, add and modify the monthly target budget, get information on whether the account is underspending or overspending, and the percentage of the budget used. By pressing Spend Projection or Optimize Budget, you'll be taken to the Spend Projection tool for a more complete and thorough budget-spend analysis.  

Pacing Status

The Budget Pacing feature shows what percentage have you spent relative to what you should have spend as a share of the month (linear spending). 

How does the budget pacing work?

At the beginning of the month, the system considers the appropriate spend's pacing to be between 75% to 125%, and towards the end of the month, the system finds the appropriate spend's pacing to be between 95% to 105%. 

This means that if at the beginning of the month, the account spends less than 75%, then the system shows the budget pacing as underspending. Similarly, if at the end of the month, the account is pacing at a percentage greater than 105%, it will be shown as overspending

For the rest of the month, the algorithm performs a linear interpolation depending on the number of days passed and the spend already achieved

When an account is underspending, the budget will be highlighted with a line under the number.

When an account is overspending, the budget will be highlighted with a line above the number.

Note: This feature isn’t a complete indicator of how much you’ll spend by the end of the month, but rather a percentage-of-month based estimation. If you want to see how your budget is behaving so far, and get an in-depth calculation of how your budget will behave by the end of the month you can use the Optimize Budget tool.

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