Who can complete this task?
- Administrators and Site Staff with the Financial Management Extended Permission
Overview
Once all sections are complete and approved, you can update the budget’s status.
Note This action affects billable items and invoicing. Ensure all budget reviews are complete.
Make Budget Current
To update the budget’s status, complete the steps below:
- Navigate to Finance
- Select Edit associated with the budget to update.
- Select Current from the Status field dropdown.
- Select the effective date and if needed, update the Version Description.
- Select Save. Budgets are version-controlled; if changes are required after saving, you can create a new draft based on the current version.
Note Study Schedules and Budgets are versioned independently. When a new version of the schedule is made Current, billable items for participants will automatically generate based on the new schedule's activities, even if a new budget version is not created. However, if a schedule change impacts the items you intend to bill for, or how much you should be paid, always create a new budget version.
