Budget and Cost Tracking
Tracking Costs and Budgets (v8.xx)
Geniusproject provides a number of views and documents so organizations can track financial progress across projects. Geniusproject is a flexible, open solution allowing users to create reports and views as needed. It is also possible to interface ...
The Labor Costs in the "Task" Document (v8.xx)
The "Task" document is the description of a project task and includes the list of all associated assignments. It is not to be confused with the assignment document, which includes only one resource, and where the person assigned to the task enters ...
Non Labor Costs, Investments & Expenses (v8.xx)
All non-labor related costs (purchases, travel expenses, rentals, etc.) can be tracked using "Costs" documents. By entering the costs and their planned values in advance, it is possible to have a more complete overview of the anticipated and fixed ...
The Budget (v8.xx)
A project budget is always created with the creation of a new project using the wizard. Depending on the setup there can be one or several budgets for a project. Projects with multiple budgets have been broken out into periods. To find out more about ...
Multi-Currency Management (v8.xx)
Geniusproject lets you manage a main currency and up to 9 secondary currencies. The main and secondary currencies are defined in the [Currencies] tab of the "General" setup of each [Projects] module. Therefore it is possible: To capture costs ...
Tracking Task Costs (v8.xx)
Geniusproject offers two possible ways to post time so workload costs can be tracked: Using the [Timesheets] module: Users enter their workload details in a timesheet. They user can also propose a new "remaining" time, that must be accepted or ...
Cost Centers (v8.xx)
As an alternative to basing rates on resource type, Geniusproject also offers the option of using cost centers. Each resource can be linked to one cost center. Cost centers are defined in the General setup document of the [Resources] module. They can ...
Rate Management (v8.xx)
How Genius Project manages Resource rates When creating a resource, their rates are populated with the standard rates for the company and location they belong to. It is however, possible to change the resource’s rates by deselecting "Import the ...
Budget and Cost Tracking in Genius Project (v8.xx)
Geniusproject has been designed to support multi-currency and multi-rate management. This chapter presents cost and budget management features. It should be treated as a guideline and not a rule since each organization typically has its own rules ...