Author: Tore Andreas Hansen

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Cost Control

Best Practices for Project Budgeting and Cost Forecasting

Accurate budgeting and cost forecasting are essential for keeping projects on track and within financial limits. However, as highlighted...

February 12, 2025

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Project controlling

What is Estimate At Completion in projects

Estimate At Completion (abbreviated EAC) tells you what your project will look like financially at the end of your...

December 17, 2024

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Cost Control

Top 5 benefits of using CostTracker’s purchase order system with Xero

Xero has built its reputation on “beautiful business,” and CostTracker shares this commitment to simplicity and efficiency in procurement...

November 12, 2024

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Purchase order

10 Reasons for Using a Purchase Order Approval Software

Using software for purchase order (PO) approval, does not only save you tons of time but comes with additional...

January 8, 2024

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Purchase order

What is a Purchase Order (PO)

A purchase order (often referred to as PO) is a legally binding document that is issued by a buyer...

September 8, 2023

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Purchase order

5 Common Challenges of Not Using Purchase Orders in Projects

5 Ways Not Using Purchase Orders Can Hurt Your Projects Purchase orders (POs) are a common way for project-based...

September 5, 2023

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Cost Control

What is 3-Way Matching?

What is a 3-Way Matching Process A 3-way matching process is an internal control procedure that compares three documents:...

September 4, 2023

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Cost Control

What are Liquidated Damages?

Definition of Liquidated Damages Liquidated damages are a pre-agreed amount of money that one party to a contract agrees...

September 4, 2023

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Cash-Flow

What is a Cash Flow Forecast and Why is it Critical in Your Business?

For most businesses, a cash flow forecast is the single most important factor for keeping control of their business....

August 31, 2023

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Software

CostTracker – now certified Xero connected app

CostTracker – Certified Xero Connected App Partner We are happy to announce that CostTracker now is a Certified Xero...

June 1, 2023

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Cash-Flow

What is commitment accounting?

What is commitment accounting? Every time you order something from a supplier, you make a commitment to pay in...

May 24, 2023

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Business

What is a Cost Breakdown Structure (CBS) and why is it important?

What is a Cost Breakdown Structure (CBS) and why is it important? A vital part of project cost controlling...

April 21, 2023

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