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In FirstBIT ERP, projects are created as master records. For details, see Projects. For each project, you can specify two project teams that will work for the project: from your company's side and from the customer's side.
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While actual direct costs are calculated based on the documents that are linked to projects, indirect costs can be allocated by using Project Cost Allocations. To allocate the labor costs, overhead and indirect costs, you can manually select the documents and projects for allocation, specify percentages (or factors) and perform the allocation, or import an Excel spreadsheet with all the allocation data.
As the project is being executed, you can monitor the project progress by using the Diagrams tab of of Projects.
For reports, which provide you with up-to-date detailed information on projects in all statuses, refer to Project Costing: reportsReports.