Actual expenses track real spending that has occurred for your program.
Accessing Actual Expenses
- Open the program
- Click Budget & Financials in the workspace navigation
- Click Actual Expenses in the sub-navigation
Adding an Actual Expense
- Click the Add New button
- A new row appears in the grid
- Enter the Expense Name, Cost (actual amount spent), and Expense Description
- Click Save
Where Actual Expenses Show Up
Actual expenses are totaled and displayed in the Financial Summary as Total Actual Expenses.
Tips for Tracking Expenses
- Record expenses promptly so you do not forget
- Use consistent naming conventions for easier reporting
- Include descriptions for context (vendor, purpose, etc.)
- Compare regularly against projected expenses to stay on budget