Cephai+ Budget Creation
Cephai+ Budget Creation
The Cephai Hub Budget agent allows you to build a budget from scratch using AI-assisted projections and insights to help your planning. Cephai Hub builds the budget expense items based on your chart of accounts then suggests the budget amounts based on several factors:
Your year over year run rate.
A configurable inflation percentage.
Documents (like contracts) uploaded for Cephai+ to analyze. Documents can be uploaded during task creation or by using the upload function on the Budget Overview screen.
Cephai Hub Integration with CINC Accounting
When a user creates a Budget in Cephai Hub, it will also be created as a draft in CINC Accounting on the Accounting > Budgets screen. If you are using universal navigation, click Accounting > Budgets > Budgets.
A Budget created in Cephai Hub will synchronize with CINC Accounting, but if a Budget is created in CINC Accounting it does not synchronize to Cephai Hub.
All edits to values are shared between the two locations.
You can only Post a Budget from CINC Accounting at this time.
The AI Summary notes are only visible in Cephai Hub.
Item Notes are shared between both locations.
Creating a Budget with Cephai+
Click Create New Task from the My Work tab.
Select an HOA.
Select Budget as the Task Type and review the following details:
Budget Name: Enter a name.
Fiscal Year: Select the Fiscal Year for which you are creating the budget.
Ending Date of Actual: The last date of actual data that the budget tool will use to report on past spending and calculate the go forward budget
Include Accounts: Select Only Accounts With Budget or Actual Activity or All Accounts.
Inflation: Auto-fills with the suggested inflation rate pulled from the Federal Reserve Bank of St. Louis. If changed, the suggested rate displays beneath the field.
Documents: Upload documents (like invoices) for Cephai Hub to use when calculating budget amounts and creating key insights for budgets.
You can delete a document from this slide out. However, once a budget is generated the documents cannot be deleted.
Click Create Task. The task will appear as pending in the budget column of the Task Center.
Once generated, click the task then Proceed to Budget to view and edit.
Related Topic: Managing Budgets in Cephai Hub