How are budgets submitted using TeamBudget?
Budgets can be submitted a number of different ways. Because TeamBudget is web-based, many schools encourage the departments to do the initial budget entry, then submit it to finance and administration for approval. Alternatively, finance can enter the budget data. In either case, budgets can automatically be subject to workflow so that the appropriate individuals are approving the budget at the appropriate time. After staff have entered their budget into TeamBudget, they are responsible for promoting (escalating) it to the next workflow or budget stage. The system tracks and records the budget at each submission stage as the budget develops. Any changes and/or modifications to the budget are clearly visible and transparent if reviewed at a later date.
