To access financial information, you must have the 'Access billing information' global permission in your role.
Project-related financial information is entered and monitored in the Financials section in the project details section.
Financials
It has the following subsections:
| Section | Description |
| Billing | In this section you can set the project's type of billing. Available types include: resource hourly rate, customer hourly rate, activity rate, project hourly rate, and project flat fee. |
| Currency Unit | You can change currency unit for the project transactions from a drop-down list. The default currency unit is as set in Administration settings | Advanced tab. |
| Total Budget | This section shows the total budget for the project. |
| Actual Expenses | This section includes expenses actually incurred. |
| Planned Expenses | Planned expenses are ones you include in the project financial plan. |
| Payments | The Payments tab is where you enter payments against your invoices. |
To set the default currency unit you must have the Manage system settings permission.
Project Financial Statistics
This subsection at the very bottom of the project details screen is a table of vital fiscal parameters of the project, including:
- Project Profit,
- Project Cost Variance,
- Project Work in Progress,
- Upfront Billing Utilization, etc.
Project billing settings are used to produce billing reports.
Adding budget to a project
To add the budget to a project:
- Click on the project's name to access its details section.
- Click
to access the financial options. - Click 'Add Budget for this project.'
- Type the amount of the project's budget.
- Click 'Apply'.