When it comes to budgets, don't stress. Here are a few suggestions on how you can get the most out of budgets with Divvy:
Many companies have found it useful to separate budgets by team/department. This can work well if you have a good idea of how much money is allotted to each department such as sales, marketing, finance, etc. At that point it will be up to the Owner(s) of the budget to decide how the funds are spent.
Have you ever wanted to give the go-ahead on a project, but were scared your team would overspend? This is why creating budgets for individual projects/events is useful. For example, a construction company could set up a budget for a particular road project. Consider making a budget for the company Christmas party or even the upcoming marketing conference. This way, people ask permission instead of forgiveness.
What about things such as supplies, equipment, and software subscriptions? Sometimes they fall under a particular team or they might be company wide. Regardless, you can make a budget and invite anyone from any team that might need access as a member of the budget.