TimelyBills supports the following types of budgets:
- Monthly Budget (only for expense categories): This budget tracks expenses incurred month-to-month across all categories, displaying alerts for budget limits. You can also choose to rollover the monthly budget amount from the current month to the next.
Steps to create a monthly budget https://support-timelybills.freshdesk.com/a/solutions/articles/84000370478?lang=en
- Category-level budget for Expense Categories (Recurring Monthly): This budget focuses on expenses within specific categories each month, including subcategories if applicable. It alerts you to budget limits and allows rollover of the category-level monthly budget amount to the next month.
Steps to create a category-level budget https://support- timelybills.freshdesk.com/a/solutions/articles/84000370479?lang=en
- Category-Level Budget for Income Categories (Recurring Monthly): This budget is for planning income streams such as rent, salary, or interest on a month-to-month basis. It tracks income transactions within specified categories for any particular month.
- Currently income budget does not support the rollover amount to the next month.
- Weekly/Bi-weekly Budget (only for expense categories): This budget tracks expenses on a weekly or bi-weekly basis across all categories. It alerts you to budget limits for these intervals.
- Currently Weekly/Bi-weekly budget does not support the rollover amount to the next period.
Steps to create a weekly budget https://support-timelybills.freshdesk.com/a/solutions/articles/84000370480?lang=en
You can also refer to our video tutorial on how to create budgets TimelyBills Budget Creation Tutorial
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