Every project has a financial section. You can disable this section if you do not want to track your project's financial information. Read Controlling project features (Section 7.8) for more information.
Select a project
From the sub menu bar click →
On the financials page the Time, Expense & Labor Cost Summary has the following sections:
Budget. The task budget.
Time (Hours).
- Assigned
Total time allocated for the task in hours (calculated from the total user allocations for the task)
- Actual
The actual time spent on the task. Calculated from approved time sheets.
- Projected
The application calculates the hours needed to complete the task based on task percent complete and approved time entries.
- Billable
Billable time entries (approved) in hours.
Time ($)/Expense($).
- Billable
The monetary value of billable time entries and expenses that are approved. Read Project Billing (Section 7.13.2) for more information.
- Non-Billable
The monetary value of non-billable time entries and expenses that are approved.
Cost($).
- Total
The total cost of the task. Cost of a task is the sum of labor cost, expenses, fixed cost and rolled-up costs. Cost of the project is the sum of labor costs and approved and costable expenses for its tasks. Cost is calculated from approved and costable time entries and expenses.
- Labor
The total of labor costs for all costable time entries filled for this task. Labor cost for a time entry = User Cost Rate x Hours Worked
- Projected
The system calculates the cost to complete the rest of the task based on the percent complete of the task and the accrued cost to date. If the project cost exceeds task budget then it means this task needs attention.