By using this tab, you can enter the revenue and cost estimates for the project. Once you save the entered estimates, a new version of estimates is created. At any time, you can edit the current version of estimates, or create a new version of estimates. Also, you can revise and edit one of previous versions of the estimates. The version with the latest date will be actually used for the project.

The Estimates tab comprises the Revenue and Costs tabs.

The Revenue tab

For project revenue, you can enter the project revenue estimates in the following alternative ways:

• A single estimate amount for the total planned revenue.
• Multiple estimates for revenue with the selected level of details defined by analytics elements: Items, Income Items, Business Activities, and Departments. You can select any of these analytical elements to meet your requirements to analytics and reporting.

The "Projects (create)" form. The Estimates (Revenue) tab

If you need extended analytics for the project revenue estimates, you can select any of the following analytics elements:

• By Income Item: To be able to view and analyze project revenue estimates and actual revenue by income item.
• By Item: To be able to analyze and view project revenues by item.
• By Business Activity: To be able to review project revenues by business activity.
• By Department: To be able to view project revenues by department.

Once you select any analytics element for project analytics, the column for the selected element appears in the table, and thus you can enter the revenue estimate for each set of specific analytics elements. Selecting the By Item option brings up the following columns: Item, Quantity, Prices Include VAT, and Price.

If you don't need to specify estimates by item, you can type the estimate's VAT-excluded amount in the Amount column.

If you need to specify estimates by item, in the Item column, select a particular item and specify its quantity required for the project in the Quantity column. If the price does not appear automatically, enter the price and indicate whether the price includes VAT by using the appropriate Prices Include VAT check box.

The Costs tab

Depending on your requirements to analytics and reporting, you can enter the project cost estimates in the following alternative ways:

• Type the planned cost amount for each expense item relevant for the project; no analytics element is selected.
• Specify the cost estimates for multiple combinations of analytics elements: Items, Income Items, Business Activities, and Departments.

The "Projects (create)" form. The Estimates (Costs) tab

If you need extended analytics for the project cost estimates, select from the following available options:

• By Cost Elements: To be able to view project costs detailed to cost elements which you can select from the Employees, Fixed Assets, and Items lists.
• By Company: To be able to view project costs by supplier company.
• By Business Activity: To be able to view project costs by business activity.
• By Department: To be able to view project costs by department.

If you have created a list of revenue estimates on the Revenue tab and need to specify the cost estimates for the similar combinations of analytics elements, click the Fill by Revenue button on the tab toolbar and edit the resulting list.
Selecting the By Cost Element option brings up the following columns: Item, Quantity, Prices Include VAT, and Price.

If you don't need to specify estimates by item, you can type the estimate VAT-excluded amount in the Amount column.

If you need to specify cost estimates by item (as cost element), in the Item column, select a particular item and specify its quantity required for the project in the Quantity column. If the price does not appear automatically, enter the price and indicate whether the price includes VAT by using the appropriate Prices Include VAT check box.

For an employee selected as cost element, you can enter the Amount, or you can provide more details, such as worked hours in the Quantity columns and the rate in the Price column.

Estimate totals

The following fields appear at the bottom of this tab:

• Revenue: Shows the total amount of all the listed revenue estimates for the project.
• Cost: Shows the total amount of all the listed cost estimates for the project.
• Profit: Shows the difference between the Revenue and Cost amounts.

Once you edit any estimate value, the resulting amounts are updated automatically.

Working with the Estimate Versions

Once the project was saved with the revenue and cost estimates provided, the following buttons appear in the upper area of the Estimates tab:

• Edit Current Estimates: Click it if you want to edit the current estimates saved with the project.
• Create New Estimates: Click it to create a new version of estimates.
• Cancel: (Appears after you clicked any of the above buttons and began creating a new version or editing an existing one.) Cancels any changes to the currently open version of estimates.

 The "Projects (create)" form. Editing the Estimates version

Also, you can use the Project Estimate Versions link (above the form toolbar) to select for editing any version of the estimates for the project. If you want to use one of the previous versions as the current version, you need to change its date to a later date, because the version with the latest date is considered the current version and is used in calculations.