Use a Budget to capture operating expenses such as personnel, G&A, facilities. Budgets can also be used to link Financial data that has been uploaded. Create multiple budgets as needed - for example, you can create a “Personnel” budget that is separate from a “G&A” budget with separate permissions.
These budgets can ultimately be added as a “Source” to a Model.
Create a budget
Use the Browse button from the top menu bar to create a new Budget
Add Financial projections to the budget
For example, in a “Personnel” budget, you might have a financial projection per employee
Use the Table and Charts tabs to view the budget’s data aggregated altogether
Financial projections
Financial projections can optionally be set to a “Repeating” frequency (e.g., rent paid monthly)
Use the “Chart of Accounts” to update the available “Accounting Categories”
Examples of financial projections for different types of budgets
Budget | Examples of financial projections |
Personnel | Payroll for FTEs / consultants, taxes, benefits |
G&A | Software subscriptions, accounting expenses, travel expenses, legal expenses |
Facilities | Rent, lab space expenses, permit expenses |
Funding | Payments from fundraise, grants / awards, additional tranches of funding |
Budget scenarios
Use a Budget scenario to plan alternate scenarios for the budget (e.g., “Hire additional scientists” or “Additional investments”).
Click Add scenario at the top
Make modifications to the Budget as necessary