How Do You Set and Track Project Budgets in Zoho Projects to Ensure Financial Control?
Zoho Projects lets you define project budgets in terms of hours or costs, helping you monitor spending, track billable time, and compare actuals against plans.
Enable Budget Tracking:
Go to the Project Settings → Select Budget Type: Total Hours, Total Cost, or based on Billing.
Define Budget Parameters:
Set the total budgeted amount, billable hours, or hourly rates for tasks and users.
Log Time Entries:
As users log time, Zoho tracks billable and non-billable hours and their corresponding costs.
Monitor Budget Reports:
Go to Reports → Budget vs Actuals to analyze variances.
Set thresholds for overspending alerts.
Why This Workflow Matters:
Setting and monitoring budgets ensures that projects remain profitable, prevents overruns, and supports better client billing and financial forecasting.
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