Expense Tracking in AceProject: Cost Management & Budget Tracking

Feature Description

Our expense tracking module enables users to submit expenses for approval, in a project or a task. This is convenient for those who travel or purchase equipment and incur expenses that impact the total cost of a project or a task.

The usual procedure for expense approval and tracking is as follows:

1. The user records the expense and attaches a supporting document (e.g. an invoice) to it, if necessary.
2. The user requests approval for that expense.
3. A user with the proper access rights approves or rejects the expense.
4. Expense reports can be generated thereafter, for tracking purposes.
   • Each user can view their own expenses.
   • Users with the "Can See Financial Data" access right can view all expenses in their assigned projects.
   • Users with the "Expense Approval" access right in a project can view and approve expenses in that project.
   • Administrators can view and approve all expenses in the account.

AceProject also enables users to compare expense estimates and actuals in projects and tasks. This helps avoid cost overruns as you can easily see if the actual costs are lower or greater than the estimates and take the appropriate measures accordingly.

Learn more about expense tracking in AceProject

	Screenshots Click the screenshots below to see how this feature looks like.