Overview
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Purpose: This guide explains the process of importing and exporting budgets in Revela for efficient financial planning.
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Target Audience: Property managers, financial administrators, and accounting teams.
Step-by-Step
1. Introduction to Budget Management
Budgeting in Revela allows users to:
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Track financial plans for past, current, and future periods.
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Generate budget variance reports to compare expected income vs. actual income.
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Streamline financial decision-making with organized budget data.
2. Accessing Budget Settings
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Navigate to Accounting > Budgets.
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Revela provides access to three types of budgets:
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Future Budgets – View upcoming financial plans.
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Active Budgets – Manage the current year’s budget.
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Previous Budgets – Access and analyze past budgets.
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4. Importing a New Budget
To upload a new budget into Revela:
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Click "New Budget".
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Select the Entity and Property from the drop-down menus.
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Choose the Fiscal Year (e.g., 2027).
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Download the Budget Template to input financial data.
5. Filling Out the Budget Template
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Open the Excel template provided by Revela.
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Fill in all required budget data for each GL account.
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Ensure accuracy in projected income, expenses, and financial allocations.
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Save the completed template for upload.
6. Attaching and Creating the Budget
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Upload the completed budget template back into Revela.
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Click "Create Budget" to finalize the import.
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The budget data will now be reflected in financial reports
7. Viewing Budgets
To review an upcoming budget:
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Click on Future Budgets to access imported financial plans.
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Review details such as:
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General Ledger (GL) accounts
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Total budgeted amounts for each month
Best Practices & Tips
✔ Review past budget data to make accurate future projections.
✔ Use the correct GL codes when filling out the budget template.
✔ Double-check uploaded data before finalizing to avoid errors.
Common Issues & Troubleshooting
Issue 1: Budget Data Not Appearing After Import
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Solution: Confirm the template was filled out correctly and re-upload the file.
Issue 2: Incorrect GL Code Assignments
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Solution: Ensure that each budget entry matches the corresponding GL account.
Issue 3: Errors During Budget Upload
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Solution: Review the formatting of the template to confirm all required fields are completed.