Budget Setup

Procore's Budget tool helps your project team efficiently manage your project's budget. It is designed to help your team make informed financial decisions, track expenses against your budget in real-time, analyze historical snapshots, input detailed forecasts, and offer deeper visibility into the financial status of your project. With the use of budget codes, you can create a budget as granular or as basic as you need.

  • Add Your Project's Budget Data. When getting started on a project, the first step is to Set up a Budget in a New Procore Project. You can choose from two methods: (1) Add a Budget Line Item directly to the Budget tool or (2) Download and complete a budget template and complete the steps to Import a Budget.

  • Configure Your Project's Budget Views. After adding your project's budget data, your Procore Administrator might want to explore our dynamic and customizable budget views. For details, see Set up a New Budget View. You can set up one, or multiple budget views, along with a wide variety of data columns, such as Original Budget Amount, Budget Changes, Revised Budget, Pending Budget Changes, and more. You can also actively manage and monitor your project's budget using the 'Forecast to Complete' feature. For details, see Use the Forecast To Complete Feature.

  • Utilize Data Collected in the Field to Track Labor Costs and Production Quantities. For customers that have purchased Procore's Workforce Management and Resource Tracking tools, your budget can be set to automatically. See Resource Tracking and Project Financials: Setup Guide.

  • Reallocate Funds from One Line Item to Another Using Budget Changes. Use the budget changes feature to transfer money between budget codes. For example, if you have cost savings related to one budget code because it came in under budget, but expect another budget code to come in over budget, you can reallocate funds from the first budget code and add it to the latter budget code as a contingency. Budget changes only appear on the Budget tool, so your vendors will not see your internal adjustments. For details, see Create Budget Changes

To learn what else you can do with the Budget tool, see Budget.

Budget Code Setup
Client Contracts tool