DocumentationWorkfrontProject finances for administrators

Project finances for administrators

Last update: Tue Dec 03 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

CREATED FOR:

  • Beginner
  • User

Learn how to establish system-wide financial settings to ensure consistency in billing and reporting across your organization.

PREREQUISITES
  • Basic understanding of using Workfront
  • Standard license type set up as a system or group administrator
  • Understand performance metrics - Learn about the two performance metrics: Performance Index Method (PIM) and Estimate at Completion (EAC).
  • Set up task revenue & cost defaults - Learn how the revenue type and cost type are used to calculate the planned and actual financial information for a task.
  • Set up exchange rates - Learn how exchange rates can be used on projects and reports to reflect financial information in different currencies from around the world.
  • Set up expense types - Learn how to use pre-built expense types and create new ones.
  • Understand financial access - Learn how financial access rights allow administrators to control who can see and edit the financial information tracked in Workfront.
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