budget is a crucial part of any project. A budget can help managers
improve cost management and reduce budget overruns. Project managers can
view the planned versus actual cost in real time with the budget status
report. Multiple currencies can be set for different projects to help
businesses operating in different countries. By integrating with
accounting tools such as Zoho Invoice or Zoho Books, managers can sync their project data and generate invoices.
Receive email notification when the actual cost exceeds the specified threshold or the planned budget.
Budget tracking method allows you to track planned and actual costs for project budgets that are based on amount (Based on Project Amount or Based on Milestone Amount ) and the Billing Method is set as Fixed Cost for Project. The invoicing is done based on fixed cost.
Forecasted cost or hours gives a futuristic picture based on a
project's current performance. It is the estimated cost at completion
and is calculated based on percentage completion as on date, planned,
and actual cost.
is calculated automatically every six hours. Within the auto-update
interval if you wish to calculate the budget, click the button in Budget Status widget.
Navigate to the respective module (Task/ Milestone), click and select Overrun from Budget field. The log hours can be marked as billable in case a
cost is charged to the client and as non-billable to indicate that the
hours are not charged. When team members log time for the task, it will
automatically calculate the actual cost of the approved billable hours.
This updates the budget in real time. You might have to approve or reject timesheet records to ensure budget is calculated accurately.
You can view these tags either in the dashboard or filter
your projects based on the tags.
Once a project budget is set, it can be edited if required.
Hover over a project and click .
Select Edit Project.
can track your project costs with budgets and deliver on time without
hassles by managing the planned and actual cost. This allows more
accurate planning for future projects, based on the available funds and
View your project budget in the following locations,
You can track your project costs with budgets and deliver on
time without hassles by managing the planned and actual cost. This
allows more accurate planning for future projects, based on the
available funds and team bandwidth.
If you'd like a personalized walk-through of our data preparation tool, please request a demo and we'll be happy to show you how to get the best out of Zoho DataPrep.
Learn how to use the best tools for sales force automation and better customer engagement from Zoho's implementation specialists.
Watch comprehensive videos on features and other important topics that will help you master Zoho CRM.
Download free eBooks and access a range of topics to get deeper insight on successfully using Zoho CRM.
Sign up for our webinars and learn the Zoho CRM basics, from customization to sales force automation and more.
Make the most of Zoho CRM with these useful tips.