Spend Limit (For Teams)*
The Spend Limit is a feature for teams with a Team Level subscription or higher. It allows the team administrator to control monthly spending by setting limits. Here’s how it works:
Monthly Reset: Spend Limits reset every month on the 1st at 12:00 AM CST.
Hard/Soft Limit:
Hard: Users can't spend beyond their limit. This helps control budget more strictly.
Soft: Users are warned if they’re about to exceed their limit but can decide to continue spending. This offers more flexibility.
Purpose: Helps manage the team's overall monthly budget and prevent overspending.
Spend Limit (For Users)*
The Spend Limit for users complements the Spend Limit for teams on the Team Level or above. It focuses on individual user spending within a team. Here's what you need to know:
Monthly Reset: Spend Limits reset on the 1st of every month at 12:00 AM CST.
Linked to Spend Limit: The enforcement of Spend Limits depends on the team's Spend Limit setting. If Spend Limit is hard, users cannot exceed their Spend Limits. This ensures tight budget control.
If Spend Limit is soft, users get a notification when they're about to go over their Spend Limit but can opt to spend more. This allows individual discretion within the broader budget framework.
Purpose: Aims to give administrators the ability to set specific spending goals for each team member, promoting accountability and financial planning.
*This is not a representation of available funds (regarding a team balance).
Team Admins can assign individual monthly spend limits (per team and user) on the Thnks Admin Panel.
Click "Admin" at the top right corner of the page
On the left, click "Spend Limits"
Hit "Set user spend limits" and you can set individual spend limits for each of your team users that will reset each month on the 1st
You can set a team spend limit - essentially how much the team can spend per month regardless if there is remaining spend limit for users
Your users can view their assigned monthly spend limit in their user profile
Easily track your spend against your assigned spend limit each month
You will be notified if you are going to exceed your spend limit before sending a Thnks
View when spend limits are reset in your area below:
Time Zone | Spend Limit Resets At: |
Eastern | 1:00 AM on the first day of the next month |
Central | 12:00 AM on the first day of the next month |
Mountain | 11:00 PM on the last day of the month |
Pacific | 10:00 PM on the last day of the month |
Alaska | 9:00 PM on the last day of the month |
Hawaii | 8:00 PM on the last day of the month |
If you are interested in assigning a team spend limit, user balances, or learning more about setting limits for your users, reach out to your Account Manager or email us at solutions@thnks.com
Video Guide: Spend Limits
Have other questions? Start a live chat or email support@thnks.com