This article will give you an overview of how to use a Project Cost Tracking Spreadsheet. Some of this information is already discussed in earlier articles. If you are new to this, then I suggest you start with the previous articles first. This way you will get a good overview of what I am talking about.
Project Cost Tracking Spreadsheets will allow you to track your costs and keep track of the expenses for a project. The spreadsheet will display the current project, where it stands, the expenses, and any money that has been spent. In order to use a spreadsheet, you will need to get one that can run on your computer. I am talking about Microsoft Excel now.
There are certain steps that need to be followed when doing this. First you need to open the spreadsheet and make sure it runs correctly. You should click on the start button and see what happens. Now you have to save the file. Your saving should automatically start, so just click on File and Save.
Now you can use this in budget management. To manage your budgets, you will need to enter the date for each project. Then enter the dates for each month. You may want to insert the projections as well.
After you have entered the dates for a certain project, you can add up the costs each month. There are some common projects that you will want to include in your expenses. These projects may include adding new furniture to your home, remodeling your kitchen, or building a new roof for your home.
Once you have set up your project costs, you can assign a specific category for each expense. For example, you can set up the category for purchasing hardware and tools, or buying groceries and other non-costs. Whatever category you decide to use, your expenses will be added together and listed out on the left side of the spreadsheet.
Once you are finished setting up the categories, you can select a project based on the expenses that are listed. If the project cost is over the budget, then it is flagged. You can correct the problem by manually entering the correct amount in for the category. By clicking on the small report icon in the upper right corner of the spreadsheet, you can view the total of all the projects you have assigned a particular category.
If the money being spent for a project is less than the budgeted amount, then it is not in the category you selected. You should manually enter the correct amount in the appropriate category. In addition, you can remove projects from the expense area by clicking on the trash can icon. This will give you a clear view of what the expenses will be.