Internal Notes:
- budgeting with recurring spending requests
- software expense
- thread
Answer:
When a recurring spend item is submitted, the budget with the recurring date will be impacted.
Monthly Recurring Spend Example:
Software Subscription - Repeats Monthly - $71.99
Starts April 1 2023 and ends after 1 Year.
This will impact the budget for $71.99 per month, starting April 1 2023.
Each Monthly Budget from April 2023 - March 31 2024 will be impacted by $71.99
Annual Recurring Spend Example:
Software Subscription - Repeats Yearly - $700.00
Starts April 1 2023 and ends after 3 Years.
This will impact the budget for $700.00 every April, starting April 1 2023
Monthly Budgets for April 2023, April 2024, and April 2025 will each be impacted by $700.00
Other months of the year will not be impacted, i.e. from May - March.