Project Budget Tracking: Don't blow the budget
Project managers often don't know how much they've spent. Jestor connects financial operations to the project, allowing tracking of Budget vs Actual in real-time, avoiding surprises at the end.
Real-Time View
- Approved Budget: $50,000.
- Personnel Spend (Hours): $20,000.
- Vendor Spend (Invoices): $15,000.
- Balance: $15,000. The system updates this with every new expense logged.
Safety Locks
You can create automations: "If spending reaches 80% of budget, send red alert to Project Manager and CFO."
Frequently Asked Questions (FAQ)
Does it replace financial software? No. Finance uses ERP to pay. Jestor is for the Project Manager to have managerial control without needing to ask Finance for reports.
How to log hours? The team logs hours worked in Jestor. The system multiplies by the employee's hourly cost and debits from the project budget.
Can I have budgets per category? Yes. "Travel" Budget, "Software" Budget, "Services" Budget.
Conclusion
With Jestor, your projects are profitable because you control costs while they happen.
Control your budgets:https://jestor.com/