ExpenseMonkey is a powerful tool for managing and tracking project expenses efficiently. This article guides you through creating a new project withinExpenseMonkey, ensuring you can manage expenses with ease and time savings.
Creating and managing projects is a feature available only to managers. Team members can book time to existing projects but, for compliance reasons, cannot change or create new projects within the organization.
Step-by-Step Guide to Creating a New Project
- Access the Project Section
- Begin by logging into ExpenseMonkey and navigating to the “Projects” section from the main menu.
- Initiate a New Project
- Select the “Create New Project” option. This step allows you to start a new, dedicated space for all expenses related to a particular project or client.
- Name and Confirm
- Enter a name for the project, ideally a clear and recognizable title that indicates the client or project’s nature. Once named, confirm the creation by clicking on “Create Project.” This process finalizes your setup.
Benefits of TrackingExpenses by Project
ExpenseMonkey not only makes it easy to assign costs to a specific client or project, but it also provides insights into total approved expenses, helping teams make data-driven decisions. With instant access to spending data, you can manage project budgets effectively and avoid unexpected expenses.
Time Savings and Efficiency
One of the standout benefits of using ExpenseMonkey is time-saving.According to our research, each expense processed with ExpenseMonkey saves an average of 5 minutes compared to manual tracking.
