---
title: "Financials management"
canonical: "https://support.appfire.com/space/SPM/1918633194/Financials%20management"
format: markdown
---
> Macro (aura-html)

> Macro (excerpt-include)



## About the Financials module

In most organizations, managing a portfolio of projects is not just about tracking tasks and deadlines. It is also about monitoring the financials. Instead of using another tool for finance tracking, you can now use a dedicated BigPicture function: The Financials module.

The Financials module lets you track real-time actual costs (cost of past tasks) and estimated costs (cost of future tasks). The costs are calculated based on hourly rates assigned to a box or a team and estimated time and effort for tasks. You can also verify if those costs align with the planned budget. 

The cost calculations can be done for a single initiative or a portfolio of initiatives, giving you real-time insight into the financial side of the portfolio.

The **key features** of the Financials module include:

- Real-time tracking of actual costs against planned costs
- Automated cost calculation based on time logged in Jira and configurable hourly rates
- Hierarchical cost roll-up from tasks to projects, programs, and portfolios
- Budget baselining to track planned spending and cost variance
- Forecasting of future costs based on remaining time estimates

The following video presents a short overview of the Financials module.

## Videos

The following videos give a quick overview of setting up the Financials module when you use hourly estimates.

### Initial setup of the Financials module

### Get your tasks ready for accurate financial calculations

###  Understanding the work cost breakdown

## Further reading

On the next pages, you’ll find:

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