> ## Documentation Index
> Fetch the complete documentation index at: https://docs.relayhub.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Budgets

> Build the yearly budget of each property from its reports

The **Budgets** screen builds the yearly operating budget of each property. RelayHub uses three files: the 12-month actual report, the rent roll and the income projection. Each build makes a budget workbook, a client PDF, a note for each line, the CAM (common area maintenance) charges by tenant and a summary of the assumptions.

**Budgets** is in the **Modules** group of the sidebar. It appears only when your company has the property budget module. See [Modules](https://docs.relayhub.ai/modules/overview.md).

## The screen

The screen has two tabs:

* **Properties**: the list of properties for the **Budget year** that you select. Each property shows the stage of its budget.
* **Rules**: the **Portfolio rules** and the **Portfolio lists** for all properties.

## Add a property

**1. Click Add property**

On the **Properties** tab, click **Add property**.

**2. Fill in the fields**

Enter the **Property name**, the **Address**, the **Total square feet** and the **Accounting basis**. In **Other names**, enter one name on each line. RelayHub uses these names to find the property in the reports and the portfolio lists.

**3. Save**

Click **Add property**.

## Build a budget

Open a property to see its budget. The budget has four tabs: **Setup**, **Budget**, **CAM by tenant** and **Versions**.

**1. Add the files**

Drop the Excel files on the files area, or choose them. Use .xlsx files only, a maximum of 10 MB each. RelayHub finds each file by its content, so the order and the file names are not important.

**2. Complete the setup**

Complete each setup step. A step shows its status, for example **Waiting for a file**, **Done with a flag** or **Not needed**.

**3. Build the budget**

Click **Build budget**. RelayHub saves each build as a new version.

## Review stages

A budget goes through these stages: **Files**, **Setup**, **Draft**, **Internal review**, **Client review** and **Final**. Use the buttons to move the budget to the next stage: **Send for internal review**, **Start client review** and **Finalize**. To go back one step, click **Reopen**.

## Versions

The **Versions** tab lists each build. Each version keeps its answers, so you can trace each export to its numbers and decisions. For each version, you can download the **Workbook**, the **PDF** and the **Tenant letters**.

## Rules

On the **Rules** tab, you set the **Portfolio rules** for all properties, for example **Utilities increase**, **Property tax increase**, **Insurance increase** and **Renewal rent increase a year**. You also enter the details that the first page of each tenant letter shows, for example the **Company**, the **Phone** and **Mail checks to**. Click **Save rules**.

## When the module is off

If your company does not have the module, the screen shows **Not available**. Ask your administrator if you expected to see property budgets.


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