Overview of Budgeting in Mango
October 1, 2024
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Are you exceeding your scope on every project? Using the advanced client engagement and project budgeting features in Mango allow you to better allocate resources, provide a clear view of the needs of each project, easily see staff with availability and assign them, and make sure all your bases are covered.
Budgeting in Mango
Mango offers two different ways to budget your time:
Budgeting for Client Engagements
Budgets can be created for client engagements based on their total revenue for the year. Email notifications can be sent out when specified percentages of set budgets are reached, allowing you to easily track progress toward a billed total.
Additional information can be found in the Budgeting for Client Engagements article.
Budgeting for Projects
Budgets for time can be created for projects, and with a project for individual tasks. Email notifications can be sent out when specified percentages of set budgets are reached, allowing you to track progress.
Additional information can be found in the Budgeting for Projects article.
See It in Action
The following learning center videos shows the different budgeting options in Mango.
Common Questions About Budgeting
The following are some frequently asked questions about Mango’s budgeting options.
- Can I use Mango’s project management tool to set time “budgets” for individual projects?
- Yes, with Mango’s accounting project management tool, you can use time-tracking features and assign budgets to track efficiency and help your project managers establish a more accurate value basis for projects and processes performed at your accounting firm.
- Can I track revenue for a project?
- No, budgets for projects and tasks are for time. Revenue budgets must be set up at the client engagement level instead.
- Can I use Mango to run reports on client and staff billing realization?
- Yes. Mango allows you to run invoices and production-based realization reports by client, staff, or work code for any date range with entries associated with that project. These financial reports help you understand which clients and staff members are profitable.
To learn more about Mango, join one of our weekly webinars or use the in-app chat feature to ask questions!