Expensify allows workspace admins to create budgets to:

• Set monthly and yearly budget caps
• Track spending across categories and tags
• Get notified when a budget reaches a certain limit

You can set budgets for specific categories and/or tags.

• Category budgets: Add budgets for different expense types like fees, office supplies, travel, meals and entertainment, and more.
• Tag budgets: Add budgets for different departments, projects, locations, cost centers, customers, etc.

Budgets can only be added to Control workspaces. This feature is not available for Collect workspaces.

Set category budgets

Once you create your categories, you can enable a budget for each category using the following steps:

1. Hover over Settings, then click Workspaces.
2. Click the Group tab on the left.
3. Click the desired workspace name.
4. Click the Categories tab.
5. Click Edit next to the category you want to add a budget to.
6. Click the Budget tab at the top.
7. Click the toggle to enable budgets (the dot will be green when enabled).
8. Select your budget settings:
   • Budget frequency: Determine if it will be a monthly or yearly budget.
   • Total workspace budget: To set an overall budget cap for the workspace, enter the cap amount into the field.
   • Per individual budget: To set a budget for each member of the workspace, enter the cap amount into the field.
   • Notification threshold: You’ll automatically receive a notification when 100% of your set budgets have been reached. To receive an additional notification when your budget has reached a specific percentage, enter the percent amount into the field.
9. Click Save.

Set tag budgets

Once you create your tags, you can enable a budget for each category using the following steps:

1. Hover over Settings, then click Workspaces.
2. Click the Group tab on the left.
3. Click the desired workspace name.
4. Click the Tags tab.
5. Click Edit next to the tag you want to add a budget to.
6. Click the toggle to enable budgets (the dot will be green when enabled).
7. Select your budget settings:
   • Budget frequency: Determine if it will be a monthly or yearly budget.
   • Total workspace budget: To set an overall budget cap for the workspace, enter the cap amount into the field.
   • Per individual budget: To set a budget for each member of the workspace, enter the cap amount into the field.
   • Notification threshold: You’ll automatically receive a notification when 100% of your set budgets have been reached. To receive an additional notification when your budget has reached a specific percentage, enter the percent amount into the field.
8. Click Save.