Optimizing Budgets with Money Column
The "Money Column" plays a vital role in managing budgets, expenses, and cost-related criteria among the managing team and projects. Let's explore how this crucial instrument is assisting organizations all over the world to improve their financial management capabilities.
The Basics
Click on the "+" end of the right of the columns, select "More" and choose the "Money" column, then select the currency type and choose Number of decimal then click on the Save button.
Note- If a board type is shared only the owner can create a new Money Column.
The Currency Type
Take full control of your expenses, budget, and cost-related data with Hoicko's powerful Money Column. Hoicko offers a comprehensive suite of features to manage everything, no matter where you are. With the Money Column, you have the flexibility to switch between currencies, effortlessly converting from INR to USD and vice versa. Let's explore how this incredible functionality works.
Go to the Money column and select the Money column setting icon then click on the Properties, and choose the currency type in which you want to convert the current currency type USD Format or INR Format.
The Function
If you would like to see the calculation for all values and it will show the bottom of that column, simply click on the Money column's setting icon , go to Manage Summary, and functions such as Sum, Max, Min, Avg, Count, and if you want to remove all then select None.
For the example, the mathematics function Sum has been applied.
Track Your Progress with Dashboard
We are always interested in seeing the expenses and paid amount for events every month. We can create charts and graphs using the widget option.
There are many useful widgets that can be added to your dashboard to empower your budgeting. You can check out how to create a widget for more.
If you have any questions, please reach out to our team right here. We’re available 24/7 and happy to help.