Category: Cost Control

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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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Cost Control

8 great benefits of using a purchase order system

Many companies use Excel or Word to create purchase orders. We know that purchase orders are a great way...

January 28, 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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Cost Control

8 ways to increase project profits by using purchase orders

Have you ever faced losses due to hidden costs or unforeseen delays? Cost overruns and budget breaches are, unfortunately,...

October 16, 2024

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Cost Control

Cost control in projects: Best practices and pitfalls

Are you tired of your projects constantly going over budget? Keeping costs under control without compromising on quality can...

August 5, 2024

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Cost Control

How to ensure an effective procurement process for projects in your company

Making sure your company’s procurement process runs smoothly is like having a strong backbone for your projects. This is...

June 3, 2024

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Cost Control

Effective Cost Control in construction projects

Budget overruns or cost overruns are unfortunately not unfamiliar concepts, especially for those working within the construction industry. Challenges...

May 7, 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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Business

What is Committed Expenditure?

Every time you order something from a supplier, you make a commitment to pay something in the future, also...

September 10, 2023

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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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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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