Access and manage financial information for projects and tasks
In this step, you will learn how to access and manage financial information for your projects and tasks. You will explore the project finance page to understand the budget, planned and actual costs, and revenue. You will also discover how to navigate task-level financial data, edit cost and revenue types, and adjust billing rates. Additionally, you will learn how to track and add expenses to your projects, ensuring a comprehensive view of financial data.
Key takeaways
- Accessing Financial Information: Financial details for a project are located on the finance page, accessible via “Project Details,” while task-level financial data is found under “Task Details.”
- Editable Fields: Users with appropriate rights can edit fields such as budget, planned benefit, actual benefit, fixed revenue, and fixed costs.
- System Calculations: Planned and actual revenue and costs are automatically calculated based on data recorded for individual tasks.
- Performance Metrics: Cost and schedule indices are displayed, and users can view calculation methods by clicking the information icon. The chosen Performance Index method determines whether estimated completion is shown in hours or money.
- Expense Tracking: Expenses are part of costs and can be viewed at both the task and project levels, providing a comprehensive view of financial data.
Next, you will learn how to update finances by tracking time, managing expenses, and creating billing records for client projects.