Business cost calculator is a digital tool, often a built-in module of task management software, which helps identify and calculate the costs per task per employee. It provides an automated and convenient way for measuring costs on business by using a task-based cost calculating methodology. As a composite module of task management software, business cost calculator allows to verify costs spent on a task by an employee within a definite period of time. For a manager or accountant this tool brings sufficient information for decision-making; for example, whether there is a necessity to re-finance a project or to re-allocate a budget.
The calculation tools of VIP Task Manager and its task management capabilities allow to apply expense calculator to manage your business expenses per task per employee. In this software you can create task lists and assess each task by using Custom Fields. For example, you can add new custom fields 'Cost', 'Budget' and 'Difference' to the task list. For each custom field you can set Name, units (USD, Pounds, Euros), number of digits after coma (100,00 USD), and a formula.
- Launch VIP Task Manager Professional
- In Task Tree View create task lists
- Go to Tools - Custom Field and add new columns ('Price', 'Budget', 'Sponsored', 'Spent', etc.)
- Use formula to specify any custom field with special calculation way (e.g. the difference between 'Budget' and 'Spent' gives amount of money left)