This glossary is commonly used terminology regarding the Budget to help you understand the function.



BUDGET PLAN 

Sub-SectionTermDefinition
Budget PlanBudget PlanA budget plan is the amount of budget allocated to all of the campaigns assigned to the plan.
Budget PlanPeriod BudgetThe budget is allocated for a specific period, such as a month, quarter, or year, to manage campaign expenses.
Budget PlanPeriod Central BudgetThe central or overarching budget allocated for a specific period to oversee and control multiple hotels or campaigns spending across multiple channels.
Budget PlanBalanceThe nominal amount available for allocation across various hotels or campaigns
Budget PlanCentral BalanceThe remaining budget balance is at the central level, which is available for allocation across various hotels or campaigns.
Budget PlanBudget CadenceThe frequency or timing at which the budget is distributed or spent, whether evenly throughout the one-off, month, or quarterly depending on the strategy.
Budget PlanBudget LevelRefers to the specific tier or level of budget allocation for different hotels or campaigns, which may vary based on factors like portfolio or hotel.
Budget PlanFunding SourcesThe various methods by which user allocate funds to run their campaigns by central sources or hotel-level