Feature · Budget

Project budget and free balance in real time

A budget in a spreadsheet is accurate exactly until somebody emails a copy of it. In Projektiassistent the budget is part of the project: cost lines are tied to activities, VAT is accounted for separately and the free balance updates with every entry — the way grant reporting needs it.

01 / How the budget is built

Cost lines tied to activities

A budget line is not just a sum — it is tied to what the money buys. That is what makes it possible to explain, later, where the money went.

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Net and VAT separately

Cost lines net and with VAT kept apart — most funders ask for both, and mixing them is the most common mistake.

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Free balance in real time

Every entry reduces the balance immediately. You see what is actually free, not what was planned.

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Linked to activity and funder

A line is tied to a project activity and, where needed, to a funding source — co-financing and grant kept apart.

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Reporting

The cost summary needed for interim and final grant reports comes from the data, not from a table assembled by hand.

02 / Control

A budget that will not quietly overrun

Overruns are not a surprise — they happen because nobody saw them in time. The system keeps the budget and the plan side by side and flags the limit before it is crossed.

  • 🛑 Uncovered budget blocks the launch. If activities have no financial cover, the project stays a draft.
  • 🔁 Schedule changes hit the budget. If an activity slips past a year-end or a reporting period, the system shows what that does to the budget.
  • 🧾 Audit-proof history. Every budget change is recorded with its timestamp — there is a story to tell when the funder checks.
Budget status3 / 4
Cost lines entered
VAT separated
Co-financing covered
Funding decision → pending
03 / What is tracked

The budget breakdowns funders ask for

Reporting rules differ by programme, but the cuts they ask for repeat. These are kept separate from the start.

Cost linesNet / VATCo-financingGrant sharePeriodsFree balanceCost summary
04 / FAQ

Frequently asked questions about project budgets

How do I build a project budget?

Start from the activities: each activity has costs attached. Projektiassistent drafts the budget from the project plan and you refine the amounts — so no activity is left uncovered and no cost line unexplained.

Is VAT handled separately?

Yes. Cost lines are kept net with VAT accounted for separately, because some funders cover VAT and some do not. Mixing them is the most frequent error in grant reports.

What does free balance mean?

The part of the budget that has not been spent or committed. It updates with every entry, so you see the real position rather than the planned one.

Is the budget suitable for grant reporting?

Yes — the cost summary and the split by funding source are in the form reporting needs, together with a change history.

Can I change the budget later?

Yes, and the change stays in the history. If it affects the schedule or risks, the system shows that connection.

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