Create Budget Codes in Procore's Project Financials Tools

You can create budget codes on-the-fly using the 'Create Budget Code' button in Procore's Project Financials tools.

• Required User Permissions:

  • To create a budget code, you must have the ability to add or edit line items on the Procore Project Financials tool that you are using.

     Note

    • For a complete list of permissions tools and tasks that support this fuction, see What is a budget code in Procore's WBS?

• Your company must be licensed for Procore's Project Financials tools.

• The segments and segment items that you want to use to create your budget code must exist in your project's WBS. To learn more, see About Work Breakdown Structure (WBS).

1. Navigate to any one (1) of the following Project level financial tools:

   • Budget

   • Budget Changes

   • Change Events

   • Change Orders

   • Client Contracts

   • Commitments

   • Direct Costs

   • Funding

   • Prime Contracts
     

      Note

     You can create a budget code when adding or editing a line item in any project level financial tool. For example, you can use the steps below to create a new budget code when creating a new line item in the Budget tool.

2. In the Budget tab, click + Create and select Budget Line Item from the drop-down list.

3. In the Create Budget Line Items window, click Add Line.

4. Click the Budget Code cell and then click + Create (or click + next to the Budget Code cell).
   

5. In the Create Budget Code and Assign UOM window, configure the budget code details under the WBS Code Segment and Description section:

   1. Cost Code. Select a cost code from the drop-down list.

   2. Cost Type. Select a cost type from the drop-down list.

       Note

      The cost codes and cost types that you can select on your Procore project are unique to your project's specific WBS. Contact your company's Procore Administrator if you require assistance with creating a budget code for your environment.

   3. Description. Select Concatenated to combine cost code and cost type descriptions automatically, or select Custom to enter a custom description. See Why create a custom budget code description for Procore's Project Financials tools?

6. Click Create.