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# Set up a budgetary period on Spendesk

**This article is for Account Owners and Controllers with an Admin role.**

A **budget** is a financial plan built by the finance team with the contribution of budget owners, **for a defined period.**

It is meant to best allocate company resources to support strategic objectives.

The goal is to plan how much the company can spend and on what (which cost centers will be impacted).

On Spendesk, you can enter your budgets for **a whole year** (from January to December) or on **a custom period** (less than one year).

You can also choose the **granularity** with which you wish to communicate on your budgets: **by month** or on **the overall period** of your budgetary year.

# Define your first budgetary period

Go to **Settings > Budgets.**

* Enter the name of your budgetary period (example : 2021 - Full year)
* Choose a budgetary period: current full year or custom period.

* If you select "custom period" you're able to select a start and end date.

* Choose the granularity of your budget in the "Budget definition": you can define your budgets monthly or annually.

To help you define your budgets on your cost centres, you can go to this [page](https://helpcenter.spendesk.com/en/articles/5372800-set-up-a-budget-on-spendesk).

# Create another budgetary exercise

If you wish to create a second budgetary exercise, simply click on the name of your budget year and then click on "Create a new budget exercise".

**Please note**: you will not be able to create a budgetary exercise based on the same dates as another budgetary exercise!