Owner Financial Management User Guide

Owners with an upstream budget approval requirement (or an internal general contractor) often find value using the Funding tool to set up upstream contracts and invoices. After your budget is set up and visible in the project's Budget tool, you can create your project's funding. This is where all of your receivable invoices (also called, upstream billings) and funding change orders will be created and managed.

If a project's budget and funding are identical, or if the funding is a division-level summary of the budget, then the budget can be used to create the funding. Often, the internal budget and the external funding have different levels of detail, so the funding is not just a division-level summary of the budget.

You can set up the funding Schedule of Values (SOV) directly in Procore, or you can import one. After setup is complete, your funding must be approved before project users can create change orders or owner invoices. If you don't want to manage funding in Procore, the Funding tool can be removed. See Add and Remove Project Tools.

• Create Fundings

• Import a Funding Schedule of Values from a CSV File

• Approve a Funding

For more information about the Funding tool, see the Funding Tool.

If the Funding tool is disabled, see the links below:

• How do I adjust my budget view when the Client Contracts, Funding, or Prime Contracts tool is disabled in my company's Procore account?

• How do I adjust the Procore Standard Forecast View when the Client Contracts, Funding, or Prime Contracts tool is disabled?