{"id":995,"date":"2019-11-22T14:33:10","date_gmt":"2019-11-22T21:33:10","guid":{"rendered":"https:\/\/latchel.ticksites.com\/wp2\/?p=995"},"modified":"2020-07-24T08:48:04","modified_gmt":"2020-07-24T15:48:04","slug":"how-to-customize-budget-limits","status":"publish","type":"post","link":"https:\/\/latchel.ticksites.com\/wp2\/how-to-customize-budget-limits\/","title":{"rendered":"How to Customize Work Order Budget Limits"},"content":{"rendered":"<div class=\"fusion-alert alert custom alert-custom fusion-alert-left \" style=\"background-color:#e9e9ea;color:#2d3047;border-color:#2d3047;border-width:2px;\"><div class=\"fusion-alert-content-wrapper\"><span class=\"alert-icon\"><i class=\"fa-lg fa-info-circle fas\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-alert-content\"><p><span style=\"font-weight: 400;\">As a Property Manager, you can configure all budget limits in your owner agreements property by property or set them at a Portfolio Level or Company Level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <strong>Emergency Soft Budget Limit<\/strong> is the default budget limit shared with Service Providers when a Work Order is sent to them. If a job will go over the Soft Budget Limit then the Service Provider contacts Latchel first for approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <strong>Emergency Hard Budget<\/strong> <strong>Limit<\/strong> is the maximum budget limit that you allow Latchel to approve up to. For example, assume a soft limit is $200 and a hard limit is $500. The Service Provider contacts Latchel when the job will exceed $200. Latchel will automatically approve the cost if it is below $500. Anything over $500 will be escalated using your escalation contacts list for approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><i data-stringify-type=\"italic\">**Please note, to use our 24\/7 Emergency service, your Emergency hard budget limit must be $500 at minimum.**<\/i><\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Premium Plan Configurations:<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The <strong>Normal Soft Budget Limit<\/strong><\/span><span style=\"font-weight: 400;\"><strong>\u00a0<\/strong>is the default budget limit shared with Service Providers when a Work Order is sent to them. If a job will go over the Soft Budget Limit then the Service Provider contacts Latchel first for approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><strong>Normal Hard Budget Limit<\/strong><span style=\"font-weight: 400;\"><strong>\u00a0<\/strong>is the maximum budget limit that you allow Latchel to approve up to. For example, assume a soft limit is $150 and a hard limit is $250. The Service Provider contacts Latchel when the job will exceed $150. Latchel will automatically approve the cost if it is below $250. Anything over $250 will be escalated using your escalation contacts list for approval.<\/span><\/p><\/span><\/div><\/div>\n<h1 id=\"id-(CustomerGuide)HowtoContactLatchel-Content\">Content<\/h1>\n<div class=\"toc-macro client-side-toc-macro conf-macro output-block hidden-outline\" data-headerelements=\"H1,H2,H3,H4,H5,H6,H7\" data-hasbody=\"false\" data-macro-name=\"toc\" data-macro-id=\"44ed44bb-0f19-42ea-8050-9a31e0822885\">\n<ul>\n<li><span class=\"toc-item-body\" data-outline=\"1\">Objective<\/span><\/li>\n<li><span class=\"toc-item-body\" data-outline=\"2\">Content<\/span>\n<ul>\n<li>Step-by-step Guide<\/li>\n<li>How to Update Budget Limits at the Portfolio Level<\/li>\n<li>How to Update Budget Limits at the Property Level<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Step-by-step Guide<\/h2>\n<h3>How to Customize Budget Limits at the Company Level<\/h3>\n<div class=\"fusion-alert alert custom alert-custom fusion-alert-left \" style=\"background-color:#e9e9ea;color:#2d3047;border-color:#2d3047;border-width:2px;\"><div class=\"fusion-alert-content-wrapper\"><span class=\"alert-icon\"><i class=\"fa-lg fa-info-circle fas\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-alert-content\"><strong>Please note:<\/strong> The Budget Limits set at the Company Level will automatically apply to <strong>all portfolios and properties<\/strong> on the account. To learn more about configuration inheritance and how to override company level configurations, click <a href=\"https:\/\/latchel.ticksites.com\/wp2\/blog\/configuration-inheritance\/\">here<\/a>.<\/span><\/div><\/div>\n<p><strong>Step 1.<\/strong> Log into your Latchel <a href=\"https:\/\/stage.latchel.com\">Portal<\/a><\/p>\n<p><strong>Step 2.<\/strong> Click the <strong>dropdown <\/strong>menu on the far right-hand side of your portal and click <strong>Account Settings<\/strong><\/p>\n<p><img class=\"alignnone size-full wp-image-1422\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/12\/Click-Account-settings-gif.gif\" alt=\"\" width=\"776\" height=\"672\" \/><\/p>\n<p><strong>Step 3.<\/strong> Under the <strong>Details<\/strong> tab, scroll down to the <strong>Work Order Budget Limits<\/strong> section. From here, you can update or add emergency and normal Work Order Budget Limits<\/p>\n<p><img class=\"alignnone size-full wp-image-1436\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/11\/Budget-Lim-Company-gif.gif\" alt=\"\" width=\"850\" height=\"702\" \/><\/p>\n<h2>How to Update Budget Limits at the Portfolio Level<\/h2>\n<div class=\"fusion-alert alert custom alert-custom fusion-alert-left \" style=\"background-color:#e9e9ea;color:#2d3047;border-color:#2d3047;border-width:2px;\"><div class=\"fusion-alert-content-wrapper\"><span class=\"alert-icon\"><i class=\"fa-lg fa-info-circle fas\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-alert-content\"><strong>Please note: <\/strong>The Budget Limits set at the Portfolio Level will automatically be applied to <strong>all properties within<\/strong> that portfolio. To learn more about configuration inheritance and how a single property can override Portfolio &amp; Company level configurations, click <a href=\"https:\/\/latchel.ticksites.com\/wp2\/blog\/configuration-inheritance\/\">here<\/a>.<\/span><\/div><\/div>\n<p><strong>Step 1. <\/strong>Click the <strong>Portfolio<\/strong> tab at the top of your portal<\/p>\n<p><img class=\"alignnone size-full wp-image-1424\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/12\/Click-Portfolios-gif.gif\" alt=\"\" width=\"758\" height=\"614\" \/><\/p>\n<p><strong>Step 2.<\/strong> Next, click on the name of Portfolio<\/p>\n<p><img class=\"alignnone size-full wp-image-1425\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/12\/Click-name-of-portfolio-gif.gif\" alt=\"\" width=\"752\" height=\"610\" \/><\/p>\n<p><strong>Step 3.<\/strong> Under the <strong>Details<\/strong> tab, scroll down to the <strong>Work Order Budget Limits<\/strong> section. From here, you will see the Company Level Budget Limits were automatically applied to the portfolio. To override the Company Level, click override, and then update or add emergency and normal Work Order Budget Limits for the portfolio. <strong><span style=\"font-weight: 400;\"><label>Click <strong>Save.<\/strong><\/label><\/span><\/strong><\/p>\n<p><img class=\"alignnone size-full wp-image-1437\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/11\/Portfolio-Budget-Limits-gif.gif\" alt=\"\" width=\"774\" height=\"530\" \/><\/p>\n<h2>How to Update Budget Limits at the Property Level<\/h2>\n<p><strong>Step 1.<\/strong> Click the <strong>Properties<\/strong> tab at the top of your portal<\/p>\n<p><img class=\"alignnone size-full wp-image-1428\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/12\/Click-properties-tab-gif.gif\" alt=\"\" width=\"754\" height=\"616\" \/><\/p>\n<p><strong>Step 2.<\/strong> Search for the property and click on the <strong>address<\/strong><\/p>\n<p><img class=\"alignnone size-full wp-image-1429\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/12\/Click-property-address-gif.gif\" alt=\"\" width=\"778\" height=\"622\" \/><\/p>\n<p><strong>Step 3.<\/strong> On the <strong>Details<\/strong> page, scroll down to the <strong>Work Order Budget Limits<\/strong> section. From here, you will see the Portfolio Level Work Order Budget Limits\u00a0were automatically applied to the property within the portfolio. To override the Portfolio Level, click <strong>override<\/strong> and then update or add<span style=\"font-weight: 400;\"> your<strong>Work Order Budget Limits <\/strong>and then<\/span><span style=\"font-weight: 400;\"><label> c<\/label><\/span><strong><span style=\"font-weight: 400;\"><label>lick <strong>Save<\/strong>.\u00a0<\/label><\/span><\/strong><\/p>\n<p><img class=\"alignnone size-full wp-image-1438\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2019\/11\/Property-Budget-Limits-gif.gif\" alt=\"\" width=\"886\" height=\"606\" \/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Content Objective Content Step-by-step Guide How to Update Budget Limits&hellip;<\/p>\n","protected":false},"author":12,"featured_media":786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[353],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - 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