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To access the settings that affect the Project Costing module, select: Administration > Settings > Settings: Project Costing.

Note. Any changes made on this form are applied immediately -- you don't need to save them.

The Settings: Project Costing form

If you need to use the Project Costing module, select the Enable Project Costing option. With this option selected, you will be able to create projects, enter budget estimates, monitor the project progress, compare the budgets to actual revenues and costs, and view the project profits or losses. For more information, refer to Project Costing.

Setting

Description

Calculate Material CostFor calculation of material costs for projects, you can select one of the following options:
  • On Purchase: To calculate material costs when the items are received to warehouses according to Invoices Received and Advance Reports.
  • On Usage: To calculate material costs only when the items are issued from warehouses according to Inventory Write Offs and Invoices.
Default Method of Project Estimate CalculationYou can select a method to be used by default for building a project budget:
  • Independent Calculation of Revenues and Costs: You will need to set estimates for costs and revenues associate with each Project or Project Task independently.
  • Calculation of Revenues Based on Costs: You will need to specify the percentage of markup to calculate revenues based on costs.
Enable Project Estimates by PeriodWith this option selected, you will be able to allocate the project planned costs and revenues to specific periods within project duration.

Enable Project TasksSelect this option to be able to create tasks for each project, set the planned dates for task execution, and analyze the project data by task.
Show Project Information in Document Printable TemplatesSelect this option to include projects into document templates so that  information on projects will be printed along with other information.
Show Project Task Information in Document Printable TemplatesSelect this option to include project tasks into document templates so that  information on project tasks will be printed in documents along with other information.
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