Budget Detail in EstateFlow Budget Master Module

To record costs in the Actual column under Budget Categories, expenses must be created for the respective Project, Sub-Project, Budget Category, Milestone, Task, or Subtask.

Data Synchronization:

• Updates made to Project Budget, Budget Threshold, Expected Revenue, Expected Cost, and Contingency Funds will automatically reflect in the Construction Projects section.

Financial Calculations:

• Profit Calculation:

  Profit%=(ExpectedRevenue−ActualCostsExpectedRevenue)×100Profit \% = \left( \frac{Expected Revenue - Actual Costs}{Expected Revenue} \right) \times 100Profit%=(ExpectedRevenueExpectedRevenue−ActualCosts​)×100

  Example:

  Profit%=(10,000−1,378.3510,000)×100=86.22%Profit \% = \left( \frac{10,000 - 1,378.35}{10,000} \right) \times 100 = 86.22\%Profit%=(10,00010,000−1,378.35​)×100=86.22%

• Revenue Deviation Calculation:

  RevenueDeviation=(∑(x−xˉ)2n)Revenue Deviation = \sqrt{\left( \frac{\sum(x-\bar{x})^2}{n} \right)}RevenueDeviation=(n∑(x−xˉ)2​)​

  Where:

  • n = Total number of observations
  • x̄ (Mean) = ExpectedCost+ActualCosts2\frac{Expected Cost + Actual Costs}{2}2ExpectedCost+ActualCosts​
    Example:
  xˉ=5,000+1,378.352=3,189.175x̄ = \frac{5,000 + 1,378.35}{2} = 3,189.175xˉ=25,000+1,378.35​=3,189.175 RevenueDeviation=((5,000−3,189.175)2+(1,378.35−3,189.175)22)=1,810.83Revenue Deviation = \sqrt{\left( \frac{(5,000 - 3,189.175)^2 + (1,378.35 - 3,189.175)^2}{2} \right)} = 1,810.83RevenueDeviation=(2(5,000−3,189.175)2+(1,378.35−3,189.175)2​)​=1,810.83

Budget Categories:

The system includes fixed budget categories, which cannot be created, edited, or deleted:

• Labor
• Materials
• Travel
• Equipment
• Fixed Costs
• Miscellaneous Expenses

Budget Columns:

• Planned: Manually entered budget allocation for Milestones, Tasks, and Subtasks.
• Actual: Automatically populated based on recorded expenses for the Project, Sub-Project, Budget Category, Milestone, Task, or Subtask.
• Budgeted: Total planned budget for each Milestone, Task, and Subtask.
• Balance: Balance=Budgeted−ActualBalance = Budgeted - Actual