Which feature allows planning projects and tracking actual expenses against estimates?

The feature that effectively allows for planning projects and tracking actual expenses against estimates is budget tracking. Budget tracking enables businesses to create a financial plan for their projects and then monitor actual spending in comparison to those planned expenses. This capability is crucial for managing costs and ensuring that projects stay within the financial parameters set forth during the planning stage.

Using budget tracking, project managers can analyze variances between estimated and actual expenses, allowing them to make informed decisions, adjust plans, and identify areas where spending may exceed the original estimates. This is essential for maintaining financial control over projects and ensuring resources are allocated efficiently.

While estimated expenses may provide a figure to work with at the outset, they do not offer the tracking ability that budget tracking does, which includes ongoing comparison and analysis against actual expenditures. Future projections and expense reports might provide additional insights, but they do not offer the comprehensive monitoring and planning capabilities that budget tracking supplies.