Budgeting and expenditure control for investment projects with LHS software

Visual FM monitors the cost of your construction and investment projects in every project phase: from creation, approval, and implementation, to budget amendment.

Use budgeting to divide the total cost of a project into individual sub-projects and allocate their costs. With this method, you can manage your projects and have control over their aggregate costs. Thus, the accountability of cost centres can, at budgeting, be combined with targets and budgeted amounts. Target / Actual comparisons and variance analyses are displayed visually or in list form in the Budget Management module by LHStatistik or LHDashboard.

Overview of functions

• The establishment of individual budgets is via a user-defined accounts catalogue

• Open orders and posted accounts are debited to the relevant account

• Completed orders are matched against the posted invoices

• A budget overview is always available via the service coordinator or the LHStatistik and LHDashboard modules

• Budgeting takes place across hierarchies, meaning the catalogue of the accounts is based on user rights available in visual FM and all orders and invoices are taken into account