Track your capital expenditure budgets with accuracy by using budgets in Happy Asset: CapEx & Renos.

Budgets are set on a per-property basis. Our comprehensive reporting will allow you to aggregate reporting across the whole, or select properties, within your portfolio. This step is recommended to be completed before Capital Projects and Unit Renovations are added, so that a Budget can be applied when any project is created.

How to Create a Budget

Step 1: When in a property, navigate to Budgets

Step 2: Select '+ New Annual Budget' in the top right-hand corner

Step 3: A window slides out

• Select Kind
  • Note that Exterior Projects corresponds with Capital Projects
• Enter Financial Year
• Enter Amount
  • Note that this can be adjusted at any time

Step 4: Click Save

Periodic Budgetary Reports

The system provides periodic budgetary reports, assisting property managers in planning and forecasting maintenance tasks and vendor coordination more effectively. These reports offer valuable insights into financial planning and resource allocation, contributing to improved project timelines and reduced delays.

Integration with Accounting Systems

Integrating seamlessly with accounting systems, Happyco's tools automatically track and project key expenses such as taxes, insurance, debt service, and staffing costs. This integration streamlines the budget forecasting process, allowing property owners to anticipate financial needs with greater accuracy and efficiency.

Simplified Annual Budgeting

The budgeting feature within Happyco's products simplifies the annual budgeting process by allowing users to import the previous year's budget as a foundation, eliminating the need for manual entry of each line item and significantly reducing the time and effort involved in budget preparation.