Welcome to the new Budget Tab for your Proposals! The Budget feature in the platform enables Project Leads to keep track of the project budget, earnings, how much each teammate is earning, and when payouts are due.
You can get an overview of the Budget page and its features in our detailed Help Center article HERE.
In this article, we will explain how to manage your project budget and use the accompanying features, including:
Manage and pay your team
Tracking your budget and due dates to manage the project
Tracking your budget and due dates
Once your Proposal has been completed and the total value of the project has been calculated, you can begin tracking your project budget. The new budget breakdown tool will provide you with a detailed understanding of how the funds for the projects will be allocated. Before any details have been submitted, you will see the total available budget for your project.
The next step is to break down the details. Add the net revenue you want to plan for this project in percentage or exact dollar amount. If you're working with a team, the budget breakdown tool will also consider the total team pay and how much you want to be paid.
What happens if your project goes over budget?
We understand that things don’t always go as planned, and due dates, pay, and budget can change. No worries, we’ve got you covered! You will still be able to continue with your project and make any necessary changes to the allocated budget. However, you will notice that your budget screen will highlight this negative budget for you.
Manage your Team Pay:
Below the Budget section, you will find the payment details for your team. Here, you’ll be able to invite your team members, manage how much you pay them, payout your team, and track how much you still owe them as your project progresses.
Learn more about how you can Invite Teammates to a Project and how to Pay Your Teammates in the linked Help Center articles.
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Still have questions? We're happy to help!
Contact us at [email protected].