---
title: Creating a Master Budget Plan
slug: neurons-for-itsm/admin-user-help/enu/latest/creating-a-master-budget-plan
createdAt: 2026-07-14T19:16:44.465Z
---
The master budget plan encompasses all sub-budget plans. This workspace is only available to administrators by default, but can be assigned to other roles.
1. Log into the Service Desk console.
2. Open the **Master Budget Plan** workspace.
3. Click **New ITFMÂ Master Budget Plan**.
4. On the **Master Budget Plan** page, the following tabs are displayed.
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## Details
1. Enter information into the fields.
| Field | Description |
| ----------------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |
| Name | A unique name for the master budget, such as Master Budget FY2015. |
| Budget Policy | A general statement about the budget policy. |
| Status | Status of the budget plan. The default status is **Draft **and changes automatically as the plan goes through the approval workflow. |
| Owner | Name of the owner. The default owner is the creator of the record. |
| Start Date | The start date of the budget plan, typically the first day of the fiscal year. |
| End Date | The end date of the budget plan, typically the last day of the fiscal year. |
| Approval Due Date | The latest date when the budget approval is due. |
| Budget Buffer | The buffer in the budget. |
| Total Budget | The sum total of the budget that is automatically calculated from the related sub-budget plans when you save the master budget. |
2. Click **Save**.
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:::ExpandableHeading{indent="1"}
## Sub-Budget Plan
1. Click **New ITFMÂ Sub-Budget Plan**.
| Field | Description |
| ----------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Name | A unique name for the sub-budget, such as Sales and Marketing. |
| Owner | Name of the owner. The default owner is the creator of the record. |
| Sub-Budget Type | Type of sub-budget. |
| Service | Type of service to be budgeted, such as **Mobile Communication**.
This field is only displayed when the **Service** sub-budget type is selected. |
| Entity | The organizational unit or entity to budget, such as **Sales and Marketing**.
This field is displayed when the **Entity** sub-budget type is selected. |
| Budget Buffer | The buffer in the budget. |
| Subtotal | Subtotal that is automatically calculated. |
| Budget Start Date | Start date for the sub-budget plan. |
| Budget End Date | End date for the sub-budget plan.
If the sub-budget is created from the master budget, these dates are automatically entered by the system or you can enter the dates manually. |
2. Click **Save**.
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3. Enter details in the [Creating an Activity History Item](docId\:dOLnQxPLSR_CCl3-udX4k) and [Attachments](docId\:DwYg6stRtAl1ZdOaEcfjZ) tabs.
4. Click **Save**.