A startup is looking to itemize expenditures associated with their various development initiatives to optimize resource allocation and financial reporting. Which approach should they adopt to enhance their capability to sort and filter expenditure data by specific projects?
Consolidate their billing accounts under a central management account to break down costs by department.
Enable detailed billing features to categorize expenses using metadata tags pertaining to each project.
Establish a combined budget tracking system for all projects within their cost management dashboard.
Rely on the initial price estimation tools to determine ongoing project expenses retroactively.