Can Smartsheet be used for budget tracking?

Smartsheet is a versatile tool that provides extensive functionalities beyond just project management, including budget tracking. The ability to utilize custom metrics and formulas allows users to create tailored budget tracking systems that suit specific project requirements. Users can set up sheets that calculate costs, project budgets, and other financial metrics by leveraging Smartsheet’s capabilities in formulas, conditional formatting, and various reporting functionalities.

This flexibility enables teams to track expenses, compare them against budgets, and manage financial resources effectively, making it a valuable asset for businesses aiming to maintain financial control over their projects. Other answer choices limit Smartsheet’s application in budget tracking, either by suggesting it cannot handle such tasks at all, implying it is only useful for small projects, or by restricting its capabilities solely to tracking expenses rather than providing a comprehensive view of budget management.