Example 1: A weekly groceries budget
If you have a weekly, $200 "Groceries" budget that starts on Monday, then the budget period is every week, Monday through to the following Sunday.
The total amounts of the transactions categorised to these budgets will be compared using these periods. This is how PocketSmith can tell you that you've spent $180 out of $200 on Groceries this week.
Example 2: A monthly utilities budget
If you have a repeating monthly "Utilities" budget event scheduled in your calendar for the 20th of the month, then the budget period for "Utilities" is from the 20th of the month, through to the 19th of the following month.
Example 3: A monthly recurring budget, plus a one-off budget of the same name
If you have a monthly repeating event named "Salary" which starts on the 20th of the month, the normal March/April event period for runs from the 20th of March through to the 19th of April.
However if a one-off "Salary" budget is added to the 3rd of April, these will be combined on the Budgets page for reporting. This results in two budget periods for the March/April period - one from the 20th of March through to the 2nd of April, and another from the 3rd of April to the 19th of April.
Overall, this system means PocketSmith's budgeting features offer a high degree of flexibility - you aren't stuck with a monthly budgeting pattern.