eresource Nfra Budgetting Module

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eresource Nfra Budgetting Module
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A budget is a plan for your future income and
expenditures that you can use as a guideline for
spending and saving.Without having a proper
budget any project will not be able to survive
after the initial phase. NFRA comes with the
assurance to user that proper budgeting will be
done, so that the influx of income does not
lowers in accordance to expenses at any point of
time.
Budgeting
Grow Faster Profitable
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Budget configuration
Material and other direct costs are computed by
this section by taking the base price from
master. The base price are regularly updated
from either the last services rendered or taken
from market. User can configure budget according
to invoice, order, category or lump sump wise.
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Item wise budgeting
In this type of budgeting the user first needs to
select the inventory category, for which he\she
wants the budgeting. After the selection of
inventory, the budgeting can be done for
different items like raw item, labor,
subcontractor, etc.
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Category wise budgeting
Category wise and item wise allocations can be
done through NFRA. In category wise allocation,
prices of all the items under the category are
considered before allotting the budget. In item
wise the budget is allotted individually to each
item.
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Budget validation
The budget is allotted for every item on the
basis of available funds. If a purchase order is
raised and the budget for that item is under the
allocated budget then it is validated and
forwarded but if it is over budget, the purchase
order is sent back for further approval.
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Budget summary report
The budget summary report provides with all the
information about a project (regarding budget),
like order value(with without profit), budgeted
value, utilized amount, balance, budgeted profit
and net profit. All the above information
allows user to keep a check on the budgeting of a
project at any point od time and plan the
preceding activities accordingly.
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Budget cost center
Cost center provides the administrator with the
option to select how to separate the budget
entities i.e. item wise, category wise or
department wise.
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conclusion

• Managing the available funds while making the
  purchases and keeping the profits in mind at all
  point of time can be easily done through NFRA.
  
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