Budget tracking : How can we track actual spend against original estimates ?

I see that you can add custom fields so you can track cost, but this is very manual. How can I track actual cost vis a vis estimated? Also, I would like to automatically see cost depending on duration per task / project. Example: Cost per day is x $ , so I would like a cost field per task that rolls up to the project level depending on duration. I would also like to see reports with data on budget vs actual spend. Currently, I don't see this in wrike and I think we can all agree that cost and budget tracking is critical in project management. 

Looking forward to insights.

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Anastasia

Hi John, thanks for sharing your feedback here! We have some similar existing requests on the Community, and it would be great if you could add your vote to those, so we could keep all feedback consolidated (this helps understand the popularity of requests):

That said, our Product Team is currently thinking of ways to enhance this functionality, so this feedback is definitely helpful and I really appreciate that you've shared your thoughts on it! 

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I asked for the same thing here.  I'm trying to use the custom fields to accomplish this.

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Hi everyone! Our Product Team is currently working on improvements for a better resource-planning and tracking experience. We’d love to hear your input!  If you have a few minutes take this quick survey and let us know your thoughts on how we can serve you better

Stephanie Westbrook Community Team at Wrike Learn about Wrike’s killer features and best practices with our Online Training Webinars

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Hello,

I am interested in the same question, but tracking expenditures over hours spent. (we currently do not use wrike for time tracking.)

thanks

George

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Hello Wrike team!

Any updates on the budget calculations and reports? When can we expect to see better budgeting features released?

Thanks,

Debora 

 

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Hi,

I have seen a number of conversations regarding these requests. Is there any progress on enabling the system to track actual spends?

Wrike has some really nice functionality and I am looking to replace our current system, and Wrike is/was the front-runner until I came across this lack of reporting.

We have multiple teams that work on projects and they have varying day rates depending on their function. Even with custom fields and their management, there is no way to get a collated actual spend to date on the projects.

Wrike seems to be great, but migration to it is a no-go until this is possible. A real shame.

Thanks

Tony

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I agree. It would be nice to be able to track line-item costs, and be able to roll it up to a total project cost.

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Stephen

Quick question guys; Has anyone tried this using Calculated field on Reports to achieve this? I tried and it was successful but curious to any obstacles I may not have thought of while testing. Thanks all 👍

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 Is there any progress on enabling the system to track budget and actual spends?

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