Adding/Viewing Project Financials

Projects > All Projects > (selected project) > Financials

The Financials tab summarizes the costs and pricing associated with a project. All labor time entries, expenses and charges applied to a project are totaled in this tab and tracked by the Finance module for both billing and reporting purposes.

You can edit the following fields:

• Planned Budgets
• Planned Hours
• PO Amount
• Cost Type
• Cost Center

Note: A user's view of Financial tab data can be hidden, by checking the Hide Financials Tab on Projects checkbox for the security role being used.

Adding/Viewing Project Financials

1. Select the Projects > All Projects page.
2. Click an existing project.
3. Select the Project > Financials tab.
   • Planned Budget - Estimated cost to complete the project.
   • Used Budget Labor (Dollars) - Auto-calculated. The number of hours of labor entered multiplied by the wages of those employees plus the Burden Rate.
   • Used Budget Expenses (Dollars) - Auto-calculated. The total of all expenses submitted for the project. Expenses are added to tasks by employees or added to the project by the project manager using the Expenses tab.
   • Remaining Budget - The total of Planned Budget minus the Used Budget.
   • Percent Used (Budget) - Auto-calculated.
   • Planned Hours - Estimated hours to complete the project.
   • Used Hours - Auto-calculated. Hours entered for the project's by employees.
   • Remaining Hours - The total of Planned Hours minus Used Hours.
   • Percent Used (Hours) - Auto-calculated.
   • PO Amount - Enter the monetary amount of this project as it appears on the purchase order provided by the client.
   • Total Billing - Estimated total billings for the project.
   • Actual Billing - Auto calculated.
   • Remained Unbilled
   • Cost Type - Define if project is CAPEX, OPEX, None or Client Billable.
   • Cost Center