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Last updated on 2024年5月31日

What are the best budgeting apps for creating and managing budgets for multiple projects?

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Managing multiple projects can be a daunting task, especially when it comes to budgeting and forecasting. But fear not, the digital age has brought forth a plethora of budgeting apps designed to make your financial management smoother and more efficient. These apps offer a range of features from tracking expenses to generating financial reports, all aimed at helping you maintain control over your project budgets. Whether you're a freelancer juggling various gigs or a business manager overseeing multiple departments, finding the right budgeting app can be a game-changer in ensuring the financial health of your projects.

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Davide Massa

Financial Accounting and Reporting Manager | DipIFRS (ACCA, UK) | Power BI - DAX data modeling | Statements P&L and…

1 Key Features

When selecting a budgeting app for multiple projects, look for those offering comprehensive features that cater to project-based budgeting. You'll want an app that allows you to create distinct budgets for each project, track expenses against them in real-time, and forecast future spending with precision. The ability to customize categories and tags for expenses is also crucial, as it helps in allocating costs accurately across projects. Furthermore, look for apps with robust reporting tools that can provide insights into your financial performance, enabling you to make informed decisions.

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Davide Massa

Financial Accounting and Reporting Manager | DipIFRS (ACCA, UK) | Power BI - DAX data modeling | Statements P&L and Financial Position | Accounting and GL |
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Vena (by Software Connect), for instance, is a comprehensive business budgeting software that offers native integration with Microsoft 365, including Excel. It provides complete planning capabilities, including budgeting, forecasting, and reporting. All of a business’s data is connected to Vena, making it easy to organize and quickly reference charts. It also offers pre-configured templates and models to automate data visualization and financial reporting. It is recommended for mid to large-sized companies. This tools offers comprehensive features for project-based budgeting, including the ability to create distinct budgets for each project, track exp. in real-time, forecast future spending, customize categories and provide reporting tools.

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Sagar Malvi

Senior Domain Lead at Infosys
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Zoho Books: Zoho Books offers project-based budgeting, expense tracking, and customizable categories for accurate cost allocation. Its reporting features help in monitoring financial performance across projects. SAP :SAP's suite of solutions can streamline project-based budgeting processes, enhance financial visibility, and improve decision-making for organizations managing multiple projects

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Mohammed Al-Hattami (CFM - CME Capital Market - CFA Invest Foundation)

Financial Reporting & Budget Manager | Financial Leadership
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I think there is more than one program, but based on my work experience, DX 365 ERP comes with more concentration to this purpose. Especially with controlling feature in details

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Neeraj Sharma

Accounts Officer at Bright Metals || LLB || M.COM || B.COM || Ex- Senior Accounts Executive at Genus Infrastructure pvt Ltd
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I think QuickBooks Online is the best app for budgeting multiple projects. It offers comprehensive project management features, real-time expense tracking, customizable categories, robust reporting tools, and seamless integration with other financial tools. Its user-friendly interface and strong customer support make it a top choice for managing project-based budgets efficiently.

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Husamettin Kumurcu, MA, MBA, FRM

Research and Teaching Assistant at University of Guelph
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GrowthBot, if I want to come up with an example, is an AI-powered chatbot designed to assist entrepreneurs with various tasks, including financial planning. It provides insights into financial metrics, industry benchmarks, and growth strategies, helping small business owners make informed decisions about their financial situation.

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2 User Experience

The user experience of a budgeting app is critical for ensuring that you'll actually use it consistently. An intuitive interface that simplifies the process of entering and analyzing financial data can save you time and reduce frustration. The best apps offer a seamless experience across devices, allowing you to update and check your budgets whether you're at your desk or on the go. Additionally, consider apps that offer collaboration features so that team members can contribute to and stay informed about the project's financial status.

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Sagar Malvi

Senior Domain Lead at Infosys
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SAP has historically been associated with complex and cumbersome user interfaces, recent initiatives and solutions like SAP Fiori, SAPUI5, and SAP Screen Personas have significantly improved the user experience, making SAP applications more intuitive, responsive, and user-friendly. However, the actual user experience can still vary depending on factors such as the specific SAP solution, implementation quality, and user training

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3 Integration Capabilities

In today's interconnected digital environment, the ability to integrate with other tools is a significant advantage. A budgeting app that can sync with your accounting software, project management tools, or bank accounts will streamline your workflow and reduce manual data entry. This integration not only saves time but also minimizes the risk of errors. Choose an app with strong integration capabilities to ensure a cohesive and efficient financial management system across all your projects.

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Sagar Malvi

Senior Domain Lead at Infosys
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*SAP Process Integration (SAP PI/PO): Middleware platform for integrating SAP and non-SAP systems. *SAP Cloud Platform Integration (SAP CPI): Cloud-based integration platform for connecting cloud and on-premises applications. *SAP Data Services: ETL (Extract, Transform, Load) tool for data integration and migration between systems. *SAP Open Connectors: Pre-built connectors for integrating SAP applications with third-party systems and services. *APIs (Application Programming Interfaces): SAP offers a wide range of APIs for accessing and integrating data from SAP applications.

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Mohammed Al-Hattami (CFM - CME Capital Market - CFA Invest Foundation)

Financial Reporting & Budget Manager | Financial Leadership
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Power BI is vital one in integration & modeling of data that belong to varied database environments But for more integration with Budgeting, i think DX 365 highly compatible

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4 Security Measures

Security is paramount when dealing with financial information. Ensure that any budgeting app you consider has robust security measures in place to protect your data. This includes data encryption, secure login protocols, and regular security audits. Additionally, consider the app's data backup and recovery options should you encounter any issues. A secure app will give you peace of mind, knowing that your project budgets are safe from unauthorized access and potential data loss.

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Sagar Malvi

Senior Domain Lead at Infosys
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Role based access Encryption Audit trail Multi factor authentication Data masking Vulnerability Management Security monitoring Are very important while considering any to adopt application

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5 Cost Efficiency

While many budgeting apps offer free versions, they may not include all the features required for managing multiple projects. Assess the cost of premium versions against the value they provide. An app that saves you time, provides accurate forecasts, and helps avoid costly financial mistakes can be worth the investment. However, it's important to weigh the benefits against the cost to ensure that the app is an economically sound choice for your projects.

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Sagar Malvi

Senior Domain Lead at Infosys
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Cloud-based solutions offer subscription-based pricing models, allowing organizations to pay only for the resources and services they use, reducing upfront infrastructure costs.

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6 Customer Support

Lastly, consider the level of customer support provided by the budgeting app. Effective support can be crucial when you encounter issues or have questions about advanced features. Look for apps with a reputation for responsive and helpful customer service. Whether it's through tutorials, a knowledge base, or direct support channels, having access to assistance when needed can enhance your experience and ensure you get the most out of the app.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Deepika Naharas

Tech Startup Finance,Accounting & Operations Consultant | Director at KongBasileConsulting
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Following are some of the Budgeting and Forcasting apps that work well for startups: Adaptive Insight, Datarails, Causal, Mosaic.tech, Aleph, Liveflow, Anaplan are few among others.

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CMA Devender Singh ACMA

Manager - Finance & Accounts @EZmall Marketplace (Zee Media)| ACMA, MBA (Fin.) | Advisory, Telecom, Agriculture, IT, Marketplace, Direct Sales | 9 Years of Experience | 4K+ connections
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Choosing the right budgeting app depends on the specific needs of your business, the complexity of your projects, and your budget. For an all-encompassing solution, QuickBooks Online or Microsoft Project might be the best choice. For teams seeking flexibility and integration capabilities, Trello with Power-Ups or Monday.com can be highly effective. Small to medium-sized businesses might find Zoho Projects or Smartsheet to be cost-effective and comprehensive.

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What are the best budgeting apps for creating and managing budgets for multiple projects?

1

2

3

4

5

6

7

1 Key Features

2 User Experience

3 Integration Capabilities

4 Security Measures

5 Cost Efficiency

6 Customer Support

7 Here’s what else to consider

Budgeting & Forecasting

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What are the best budgeting apps for creating and managing budgets for multiple projects?

1

2

3

4

5

6

7

1 Key Features

2 User Experience

3 Integration Capabilities

4 Security Measures

5 Cost Efficiency

6 Customer Support

7 Here’s what else to consider

Budgeting & Forecasting

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