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Setting Your Budget for the First Time

Learn how to set up your annual budget in Tightly by choosing a budgeting approach, defining your fiscal year and setting your budget values

Cagla Sener avatar
Written by Cagla Sener
Updated over a week ago

Step 1: Open the Budget Setup

  1. Go to ReplenishmentBudget tab.

  2. If this is your first time setting up a budget, the Budget Setup modal will appear automatically.

Step 2: Choose Your Fiscal Year

  1. Select your Start Month and End Month to define your budgeting period.

  2. This will determine the months your budget will apply to.

💡 Tip: Choose your fiscal year based on your business cycle, not just the calendar year.

Step 3: Select Your Budgeting Approach

You can choose from two methods:

  • Revenue Based (default) – Set a budget as a % of your revenue or a custom revenue amount.

  • Cost Based – Set a budget as a % of your cost or a custom cost amount.

Step 4: Set Your Budget Target

Depending on your approach, you can:

  • Use Last Year’s Revenue/Cost – Displayed automatically for reference.

  • Set Custom – Enter your own number.

  • Increase by % – Apply a growth percentage to last year’s value.

Step 5: Finish Setup

  • Click Finish Setup to save your budget.

  • Your budget plan will now appear on the Budget page.

Budget page after setup

Step 6: Edit Budget Inline

For quick changes without starting over:

  1. On the Budget page, double-click any editable cell in the Budget row (from the current month onward).

  2. Update the value.

  3. Click Save Changes at the top of the table.

If you edit the All Categories row, you’ll see a confirmation modal - changes will be distributed proportionally across all categories.

To edit a single category, update its row directly.

Step 7: Reconfigure Your Budget from Scratch

If you want to start over:

  1. On the Budget page, click Reconfigure Budget in the top-right corner.

  2. The Budget Setup modal will open again.

  3. Any changes you make here will overwrite your existing budget completely and reset it from zero.

💡 Tip: Use this if your fiscal year changes or if you want to adopt a different budgeting approach entirely.

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