Overview
This guide introduces Budget & Forecast Snapshots, powerful features for tracking, analyzing, and reporting budgeting and forecasting changes in Procore Financial Management. With the Project level Budget tool, snapshots capture budget and forecasting views at specific times, creating valuable historical records to show how project finances evolve. Use them for official monthly reporting or create ad-hoc snapshots for a clear view of your financial path.
This table details the difference between project status snapshots and ad-hoc snapshots.
Feature | Project Status Snapshots | Ad Hoc Snapshots |
|---|---|---|
Intended Use | Official reporting, formal budget reviews, and a centralized company-wide financial history. | Immediate insights, focused project analysis, and a project-level budgeting and forecasting history. |
Data Capture | Standardized, formal monthly/quarterly captures for consistent company-wide analysis. | Quick, flexible captures tailored for individual and project team needs. |
Comparison Focus | Analyze trends and variances across projects for formal reporting. | Capture specific data points to address unique project requirements. |
Historical Reference | Centralized, company-wide record for auditability and long-term analysis. | Project-level budgeting and forecasting history within the project for internal tracking. |
Impact on Formal Company Reporting | Directly contributes to the official company-wide financial historical data. | Remains within the project, without affecting official company-wide records. |
Location | Accessible in the Company-level Project Status Snapshot tool and the Budget tools' Project Status Snapshots tab. | Accessible within the snapshots feature the Project level Budget tool and omitted from official project status snapshot records. |
Export Options | CSV or PDF | CSV or PDF |
Forecasting Integration | Not Available | Available |