Budgeting and Transactions Features and Functions
Budgeting and transactions refer to the tracking of projects budgets and the comparison or analysis of actuals versus estimates.
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- Association of project budgets to multiple clients or departments
- Tracking and support of multiple currencies
- Flexible transaction controls for expenditures and resources
- Summary and detailed budget capabilities
- Budgetary controls that verify available project funds
- Ability to enforce hard or soft controls
- Tracking and management of project expenses and analysis of budget data
- Tracking of expenses on projects and cross-projects using customizable categories and estimated versus actual costs
- Analysis of budget to actual on a annual level
- At-a-glance view of if the project is on time and on budget
- Real time tracking of project estimates and actuals
- Planned value and earned value calculations based on project work
- Integration with chart of accounts data
- Deadline date for the completion of all financial transactions and closing of financial accounts
- Compliance with all applicable funding source requirements for financial reporting
- Checklists for financial closure
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Financial Management, Budgeting, Costing, and Billing Features and Functions
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