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Category Budget

How to Setup Budget amounts on a Category in RMS.

 

Overview

Establishing a budget on a Category allows for effective tracking and reporting, helping determine if actual revenue aligns with projected goals.

✎ Please Note: RMS is highly configurable. Some Terminology, User Access & Permissions, Images, Labels, and Functions used in these articles may differ from your setup. CLICK HERE to find out more.

 

Guide

In the side menu of RMS, go to Setup > Category/Area.

  1. Select a Category and choose 'Edit'.
    Category/Area setup screen in RMS showing a list of categories with one category highlighted and an Edit button selected to open its details
     
  2. Navigate to the 'Expenditure' tab.
  3. Enter the Budget Amount for each month.
  4. Enter the Budget Nights Booked for each month.
  5. Select Save/Exit.
    Category configuration window on the Expenditure tab displaying a 12‑month table with columns for Budget Amount and Budget Nights Booked for each month, and a Save/Exit button to save the budget
     

Budget figures entered will be used on reports, including the Budget vs Actual Report.Budget vs Actual report showing monthly revenue figures by category with columns for Budget, Actual and Variance, populated using the budget amounts configured on the category

 

 

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