Tracking project financials

Completing a project within a stipulated budget is as important as finishing the project on time. The financials viewlet helps you in forecasting budgets for various account heads and track expenditure against budget.
  1. Go to the Work Management view, ensure the Financials viewlet is open
  2. Click the project and the click the add icon add icon.
  3. From the new row, click the Category column to select the charge code. The charge codes would only appear if the Category check box is selected while creating the charge code in the application admin area.
  4. Enter the details in the following columns:
    • Forecast
    • Estimate
    • Actual
    Note: This how the variances are calculated
    • Forecast variance = Forecast - Actual
    • Estimate variance = Estimate - Actual
  5. Click the save icon save icon.
  6. Click the refresh icon refresh icon to view the changes.
To modify a category entry:
  1. Double click the appropriate field.
  2. Make your changes and click the save icon save icon.
To remove an category:
  1. Click the account head that you want to remove.
  2. Click the remove icon remove icon.
Related reference
Project financial elements

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