The new Budget Changes feature is designed to replace the existing budget modifications feature. Once you migrate to Budget Changes, you will no longer have access to the budget modifications feature. If you have any questions before your company starts the migration, contact your Procore point of contact. To learn more about the timeline for migration, see: Common Questions.
A budget change moves your budget's funds from a specific cost or revenue area to another cost or revenue area. Users can create budget changes to ensure your team has a method for moving and auditing budget values between the job activities and work packages associated with your construction project. With the 'Create New Budget Change' form, users can add both Amount-Based and Unit/Qty Based adjustments from one line item to another -- which moves the quantities of materials, labor, and funds you need to complete activities.
Depending on whether you use your budget to track cost or revenue, you can create budget changes to move dollar amounts between In Procore, a Budget Code is applied to line items in Procore's Financial Management tools to give you the ability to categorize your financial line items as costs in your budget. A budget code in Procore consists of two (2) default segments (i.e., cost code,cost type) and an optional sub job segment. Depending on the company or project level budget code structure in Procore's Work Breakdown Structure, a budget code may also include an unlimited number of custom segments.. Some common uses for a budget change include:
Transfer Funds. A fund transfer is a budget change that moves funds from one (1) budget code to one (1) or more other budget code(s).
Move Expenditures. If you use your budget to track expenditures, you can move expenses from one (1) budget code to one (1) or more other budget code(s).
Move Revenue. If you use your budget to track your project's revenue, you can move revenue from one (1) budget code to one (1) or more other budget code(s).
In Procore, a budget change is comprised of two (2) components:
Adjustment. An adjustment is a line item that represents the line on the original budget where the funds are coming from. You can add new adjustments by clicking the Add Adjustment button.
Line. A line item under an adjustment represents where you want to allocate the funds from the original budget. You can add line items to adjustments by clicking the Add Line button.
Required User Permissions:
'Admin' level permissions on the project's Budget tool.
OR
'Read Only' or 'Standard' level permissions on the project's Budget tool with the 'Create, edit, and delete Budget Changes' granular permission enabled on your permissions template.
Additional Information:
Procore recommends that your company (or each project team) develop a policy for managing budget changes in your environment.
Budget changes are supported by the Company level Workflows tool.
Limitations:
Budget changes do NOT automatically populate in a An GC/Client Invoice is an application for payment, typically submitted by a Specialty Contractor to a General Contractor/Client to provide an itemized record of the amount due for work performed. In Procore, an GC/Client invoice is equivalent to an accounts receivable invoice. A Funding Invoice is an application for payment, typically submitted by a Contractor to the Funding Source to provide an itemized record of the amount due for work performed. In Procore, a Funding invoice is equivalent to an accounts receivable invoice. An Owner Invoice is an application for payment, typically submitted by a General Contractor (GC) or Construction Manager (CM) to an Owner to provide an itemized record of the amount due for work performed. In Procore, an owner invoice is equivalent to an accounts receivable invoice., , or .
Adjustments can only be edited when a Budget Change is in the 'Draft' status.
If a custom workflow has been applied to the project, you will NOT be able to manually edit the budget change status.
For companies using the 
ERP Integrations tool: Show/Hide
Only 'Approved' budget changes can be sent to Procore + .
Budget changes can be retrieved from Procore + ERP Integrations if they have not yet been synced.
Budget changes cannot be edited or deleted once synced with the integrated ERP system.
Navigate to the project's Budget tool.
Click the Budget Changes tab.
Click Edit.
Update the budget change information as needed:
An asterisk (*) below denotes a required field.
Number*
Accept the default budget change number. Procore assigns new adjustment numbers in sequential order. For example; 1, 2, 3, and so on.
Status*
Select the current status of the budget change. Procore assigns the 'Draft' status to new adjustments.
Title
Enter a title for the budget change.
Description
Enter a more detailed description of the budget change.
Optional. If the 'Allow Budget Changes to be Billed on Owner Invoices' setting is enabled (see Budget Changes):
Add to Owner Invoice. Mark this check box to add the budget change to owner invoices when approved. For details, see About Budget Changes on Owner Invoices.
Prime Contract. Select the appropriate prime contract from the drop-down list.
Optional. Continue with adding one (1) or more adjustments.
Locate the adjustment that you want to modify.
Update the following information as needed:
Budget Code
Select a budget code from the list or click Create Budget Code to create a new one. See What is a budget code in Procore's WBS?
Description
Enter a description for the adjustment.
Quantity
Enter the number of units.
Unit
Enter the Unit of Measure (UOM).
To view the default options in the list, see Which units of measure are included on Procore's master list?
To update the available options in the list, see Update a Unit of Measure to the Unit of Measure Master List.
Unit Cost
Enter the cost per unit.
Amount
Procore automatically calculates the subtotal for you, based on the Quantity, Unit, and Unit Cost Entries.
Change Event Line Item
If the Change Events tool is active on the project, select a change event line item to link the adjustment to a change event.
Optional: Comment
Enter any helpful comments about the budget change in this box.
Locate the line item to adjust in the 'Adjustments' section.
Update the following information for an adjustment line item:
Budget Code
Select a budget code from the list or click Create Budget Code to create a new one. See What is a budget code in Procore's WBS?
Description
Enter a description for the adjustment.
Quantity
Enter the number of units.
Unit
Enter the Unit of Measure (UOM).
To view the default options in the list, see Which units of measure are included on Procore's master list?
To update the available options in the list, see Update a Unit of Measure to the Unit of Measure Master List.
Unit Cost
Enter the cost per unit.
Amount
Procore automatically calculates the subtotal for you, based on the Quantity, Unit, and Unit Cost Entries.
Change Event Line Item
If the Change Events tool is active on the project, select a change event line item to link the adjustment to a change event.
Optional: Comment
Enter any helpful comments about the budget change in this box.
Click Create.
If your company is tracking production quantities on the budget (see What are 'production quantities'?), you can also create budget changes to make production adjustments.
After selecting the line item for the production adjustment as detailed above, you can then add one (1) or more line items to represent how you want to reallocate the budgeted production quantities.
Loading related articles...