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Project Budget

Project Cost Management Software

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Generic budget tracking software is typically not geared for project budgets. You need to use specialist project accounting software or project cost management software to properly manage your project. Typically project budgets span financial years and look at a different breakdown of costs to a corporate budget. Project Administrator software overcomes this limitation. It enables you to track both the project budget and project expenditure.


Project Cost Management

For each project a budget can be set up using a chart of accounts that is tailored for the project but maps back to the company accounts. For example, the company may have one account for external consultants but the Project Manager wants to differentiate between company A and B. He can set up accounts for each contractor but still combine the figures to compare with reports coming from the corporate accounts.

Expenditure in your project accounting software can be tracked as either "actual" or "committed". It can be sorted into different orders, and even downloaded into Microsoft Excel for further analysis. This project cost management software will allow you to understand what is happing with your project budget instead of interpreting the company accounts.

Project Cost Management Software

Benefits of our Project Accounting Software

  • Budgets and expenditure geared to the project, not the corporate GL
  • Easy to track both actual and committed expenditure
  • Able to easily reconcile corporate accounts to your project budget

Budget and Expenditure Reports Available in the Project Cost Management Software:

  • Details for a single budget
  • All account codes
  • Budget for a single project
  • Expenditure by Account
  • Expenditure by Item
  • Expenditure by Project

White Papers on Project Budgets and Expenditure

Below are a number of white papers which relate to project budgets.

Project Budget and Project ExpenditureSetting up a Project Budget and managing project Expenditure
Setting up a project budget can be a daunting task. Project Financial Software may assist but setting up a project chart of accounts is critical. Learn about project financial systems and see a sample set of project accounts.

Buying Software Buying Software - Vendor Tricks   

Some of the tricks and techniques used by less then trustworthy software vendors. Some traps to be aware of when buying software.
Software Pricing
An attempt to list all the different types of pricing that a vendor can come up with when you are buying ERP or any sort of software.
 
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