Budget Management

Budgets That Enforce Themselves

Tuli's budget management goes beyond tracking — it actively prevents overspending by validating every transaction against approved budgets in real-time.

Budget Types

Support for all budget structures:

Opex Budgets — Operating expenditure with monthly/quarterly/annual allocation
Capex Budgets — Capital expenditure with project-based tracking
Department Budgets — Allocated by cost center and department
Project Budgets — Linked to specific projects or initiatives
Rolling Budgets — Continuously updated budgets with forward projections

Summary vs. Itemized

Two views for different needs:

Summary Budgets provide top-level control:

Total allocation per category
Percentage consumed with visual indicators
Variance analysis (budget vs. actual)
Forecasting based on current burn rate

Itemized Budgets provide granular tracking:

Line-item detail for every budget category
Individual transaction tracking against budget lines
Reallocation between line items with approval
Historical comparison across budget periods

Consumption Validation

Real-time validation prevents budget overruns:

Pre-check — Before any expense, PO, or payment is created, the system checks available budget
Warnings — Soft warnings when consumption reaches 80% and 90% thresholds
Hard stops — Block transactions that would exceed budget (configurable)
Approval override — Senior management can override budget limits with documented justification
Cross-department — Shared budgets validated across all consuming departments

Budget Workflows

Budget creation with multi-level approval
Mid-year budget revisions with change tracking
Budget transfer requests between departments
Year-end close with carry-forward rules

Reporting

Budget vs. actual reports by any dimension
Variance analysis with drill-down
Forecasting based on historical patterns
Executive summary dashboards