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Creating budgets
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Written by Melad Zahedi
Updated this week

This article explains how to create budgets in Stampli's budget management system.

Creating a new budget manually

1. Login to Stampli

2. Click "System Settings"

3. Click on the Procurement tab

4. Click "Budgets"

5. Enable Budgets by toggling the feature on

6. Click on "Create budget lines"

7. Click "Add a Budget Line"

8. Start by naming the budget line

9. Designate a Budget Owner

10. Click "Save and Continue"

11. Next, select "Set budget amounts"

12. Choose a budget interval between "Monthly", "Quarterly", and "Annually" and click "Set Interval"

13. Enter budget amounts for each period

14. Click "Copy for remaining quarters" if the same amount applies to each period and click "Set"

15. Click "Save and Continue"

16. Select "Budget general settings"

17. Select when to make budget application mandatory in the procurement workflow

18. Choose when an exceeded budget should be blocked

19. Choose which purchase outcomes to apply this budget to

20. Choose which, if any, users you would like to have the permission to bypass a blocked budget

21. Click "Save and Continue"

Tips for effective budget creation

  • Use consistent naming conventions to easily identify budgets

  • Create detailed budgets for areas with high spending volume

  • Set appropriate time periods that align with your financial reporting cycles

  • Include all relevant stakeholders in the budget setup process

  • Review imported budgets for accuracy before finalizing

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