Create budgets for projects, clients or teams, and set spending limits and controls to prevent overspending.
To create a budget in your Aspire Account, follow the steps below:
1. On your Aspire dashboard, click "Budgets" in the left navigation bar (web app) or click "Menu" and choose "Budgets" (mobile app).
2. Click on "+ new budget" on the top right-hand side
3. Provide the details for your budget, including the budget name, purpose, and the option to add a budget icon if desired, then click "Continue"
4. Add the spend limit currency and amount
5. Tick the check box to enable sending alerts to the admins once the budget limit reaches 80%
6. Select other Source/s of Funds (currency will show based on your active debit and advance limit accounts)
Note: If you tag source/s of funds in your Budget, transfers, cards and bills linked to this budget can be drawn from any of these sources of funds.
7. Choose the frequency as to when the budget will refresh, then click "Continue"
Recurring - refresh the spending limit every month or quarter
One-time - deactivate the budget once the spend limit is reached
Set an expiration date - decide when the budget is deactivated
8. Assign Budget Owners. Click "Continue" then "View budget"
You can now add more budget members; click here to see more on budget members and assign virtual cards.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.