When creating a new projectA collection of activities and related items to be managed over a defined time range, such as timecards, expenses, milestones and budgets., or assigning a vendor resourceA contact that works on a project. to an existing project, you must create a vendor budgetAn amount used to manage expenditure on customer purchase orders, internal budgets, outbound vendor purchase orders and work orders. A budget must be associated with a project.. When creating a vendor budget:
When you create a vendor purchase order budget, a new object called Budget Header is created and associated with your budget. By default, the budget header enforces strict limits on the amounts vendors can invoice for, based on the Amount and Expense Amount fields. You can edit the budget header to allow these amounts to be exceeded. See "Editing Budget Headers".
When the vendor resources enter timecards and expenses, PSA associates those timecards with the appropriate budget header for the vendor account for future invoice creation and reconciliation.