Video tutorial

Learn More: For a visual guide on creating a budget for the client affordability, Watch the Video Link - https://www.youtube.com/watch?v=7tAAMxylBJ8

Navigation: Client Administration > Search for existing Client > Edit Client > Budget > Add a New Budget

This guide explains how to create a new budget shell for a client. After creating it, you will add the specific income and expense items.

Before You Begin: Prerequisites

• User Permissions: To add, view, or edit a budget, your user profile must be assigned the Client : Change Client Budget role by a System Administrator.

Step-by-Step Guide

1. Navigate to the client's Budget tab.
2. Click the Add a New Budget button. A new screen will open, allowing you to enter the high-level details for the budget.
3. Complete the fields as described in the reference guide below.
4. Click Save to create the new budget.

Field Reference Guide

This table details each field on the "Add a New Budget" screen.

Budget Types

MaxMoney offers different budget types, configured under MAXMONEY > Setups > Client > General, to accurately calculate a client's available funds for loan installments.

Budget Type	Summary	Documentation
NCR Detailed	This template is often used in cases involving magistrates and provides a comprehensive breakdown of monthly income and expenses. After entering all figures, you must first click the "Calculate/Recalculate Values" button, then "Save & Close" for the system to process the amounts. The system calculates the Discretionary Income by deducting existing debt obligations, living expenses, and payslip deductions from the gross income. If a Discretionary Income Buffer percentage is set up, the Discretionary Income Buffer will also be calculated. The final Available for installment is the difference between the Discretionary Income and the Discretionary Income buffer.	NCR Detailed
NCR standard	Designed to align with National Credit Regulator (NCR) guidelines, this budget type automates part of the calculation. The system first determines a minimum expense norm. You'll need to add statutory deductions (from the client's payslip) and Existing Debt Repayments (from their credit bureau report). The Budget Amount is calculated by subtracting these minimum expenses, statutory deductions, and existing debt obligations from the client's gross income. This Budget Amount is then used for the Available for installment calculation	NCR standard
NCR Below Regulation	This budget is for exceptional cases where a client can demonstrate that their expenses are genuinely lower than the NCR minimum expense norm. You'll enter the client's declared expenses. Similar to the NCR budget, you must also add statutory deductions and Existing Debt Repayments. The system calculates the Budget Amount by deducting these declared expenses, statutory deductions, and existing debt obligations from the gross income. This Budget Amount is then used for the Available for installment calculation.	NCR Below
Standard	This is a straightforward budget where you manually enter all income and expense items. The system then calculates the Budget Amount by subtracting total expenses from total income. This Budget Amount is what's used to determine the Available for installment amount.

Action Buttons

The following action buttons are available :

• Save: Click this button to store the new budget shell on the system. You can then proceed to add the individual budget items
• Cancel: Click this button to discard the new budget and return to the previous screen without saving