Cost Tracker
Last Updated: August 29, 2024
Understanding the Cost Tracker's features helps you monitor and manage project expenses efficiently. This guide provides insights into its primary functions, primarily on planned costs, actual costs, and variance analysis.
Planned cost - Represents the expected cost based on all the items added from Cost Item Setup.
Actual Cost - Reflects all of your entries in Add Expenses.
Variance Cost provides details on the deviation between planned and actual costs. It calculates the difference as Planned Cost minus Actual Cost. This helps determine whether the project budget is in deficit, on track, or generating a profit.
The list of items in the table shows the details of your transactions. It also provides specific insights into planned quantity, a bar graph (Planned vs Actual), actual quantity, and variance cost.
Cost Item Setup
Adding Expenses
Need more help? Send us an email at cs@steerplatform.com, or send us a message on the chat widget.
COST TRACKER
Understanding the Cost Tracker's features helps you monitor and manage project expenses efficiently. This guide provides insights into its primary functions, primarily on planned costs, actual costs, and variance analysis.
PLANNED COST VS ACTUAL COST
Planned cost - Represents the expected cost based on all the items added from Cost Item Setup.
Actual Cost - Reflects all of your entries in Add Expenses.
VARIANCE COST
Variance Cost provides details on the deviation between planned and actual costs. It calculates the difference as Planned Cost minus Actual Cost. This helps determine whether the project budget is in deficit, on track, or generating a profit.
DATA TABLE
The list of items in the table shows the details of your transactions. It also provides specific insights into planned quantity, a bar graph (Planned vs Actual), actual quantity, and variance cost.
RELATED ARTICLES:
Cost Item Setup
Adding Expenses
Need more help? Send us an email at cs@steerplatform.com, or send us a message on the chat widget.
Updated on: 27/09/2024
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