---
title: "Project budget versions"
slug: "bc-project-budget-versions"
description: "Create and manage multiple project budget versions in Industrial Equipment Manufacturing, ensuring accurate forecasting and cost updates for your projects."
updated: 2026-06-25T09:59:07Z
published: 2026-06-25T09:59:07Z
canonical: "docs.staedean.com/bc-project-budget-versions"
---

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

# Project budget versions

In Industrial Equipment Manufacturing, you can create and maintain several versions of the budget. When a project is created, the first version of the project budget is automatically created.

Create and maintain project budget versions from the **Project card**. The project budget is the header for the project budget lines, which are linked to project tasks.

You can change the active budget version on the **Project card**.

The project budget card has the following fields:

| Field | Description |
| --- | --- |
| Project Budget No. | The number for the budget version. No. 001 is automatically created with the project. |
| Description | The description for the budget. For version No. 001, automatically formatted with the date and the user ID that created the project. |
| Active | Indicates which version is active (Yes). |
| Forecasting | Forecasts are based on and maintained from budgets. For more information, see [Forecasting](/business-central/docs/bc-forecasting). |

## Steps - Create a budget version

1. To create a new budget version, select the **Create New** action from the ribbon and complete the wizard pages as follows:
2. **Page 1**
  1. **From which budget do you want to copy?**: Select a budget version from the drop-down list.
  2. **Describe your budget**: Automatically formatted with the date and user ID, but you can modify it.
  3. **Activate the budget when I click Finish?**: When set to **true**, the new budget automatically becomes the active one.
  4. **This budget will be used for forecasting**: When set to **true**, you can calculate forecasts for this budget.
  5. Click **Next** to go to the next page or **Finish** to create the new budget version.
3. **Page 2**
  1. **Update Costs**: When set to **true**, the current costs are retrieved in the project budget lines for items and resources.
  2. **Update Prices**: When set to **true**, the current prices are retrieved in the project budget lines for items and resources.
  3. Click **Back** to return to the previous page or **Finish** to create the new budget version.

## Related

- [Project budgeting](/bc-project-budgeting.md)
- [Forecasting](/bc-forecasting.md)