Project-related financial information is entered and monitored in the Financials section in the project details section.
It has the following subsections:
|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 fixed cost.|
|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.|
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.
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'.