The document outlines the budgeting capabilities of the nfra module, emphasizing the importance of proper budgeting for financial management in projects. It details various budgeting configurations, including item-wise and category-wise budgeting, as well as budget validation processes to ensure expenditures remain within allocated limits. Additionally, it discusses the budget summary report and cost center options, reinforcing the module's role in effectively managing funds and profits.

1. 1
eresource Nfra Budgetting
Module

2. 2
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.
Grow Faster
& Profitable
Budgeting

3. 3
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.

4. 4
Item wise budgeting
In this type of budgeting the
user first needs to select the
inventory category, for which
heshe wants the budgeting.
After the selection of
inventory, the budgeting can
be done for different items
like raw item, labor,
subcontractor, etc.

5. 5
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.

6. 6
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.

7. 7
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.

8. 8
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.

9. 9
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.
http://www.eresourceerp.com
http://nfra.eresourceerp.com

10. 9
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.
http://www.eresourceerp.com
http://nfra.eresourceerp.com