Managing costs effectively is crucial for businesses to maintain profitability and financial stability. This article aims to provide you with a comprehensive step-by-step guide to get started with Cost Management. These steps will help you gain better control over your expenses and make informed decisions to optimize your resources.
In addition to the step-by-step guide, here you'll find a list of valuable resources to further assist you in your Cost Management journey.
To start, account administrators need to invite one or more project administrators to a project. From there, project administrators are primarily responsible for getting a project setup up and running with Cost Management. Existing project administrators can also create projects.
These are the first steps in every new project:
After creating a budget, you can choose your next steps.
After proceeding with the first steps, you can explore Cost Management on your own and customize it to your needs. Recommended paths:
Watch the step-by-step Getting Started in Cost Management video course in the ACC Learning Center.
See the Terminology in Cost Management article to get familiar with all the names in Cost Management.
Proceed to the Set Up Cost Management article to learn how to customize the software to suit yours company needs.
Learn more about advanced budget, cost, payments, and change order workflows. From now on, you can create contracts or change orders, set up performance tracking or cash flow.
By following this step-by-step guide and using the recommended resources, you'll be well-equipped to take control of your costs, enhance financial decision-making, and drive your business toward sustainable growth.