Within Teamwork.com, you can use the
dedicated Budgets area to view and
manage
budgets and other financial aspects of your
project.
Site administrators, project
administrators, and users with permission
to view project budget can access
a project's Budgets area.
- Users also need permission to
manage project budget in order to have
edit access to budgets.
Go to a project's Finance tab and
switch
to the Budgets subsection..
Project
budget
✔
Available
on Free Forever, Starter, Deliver,
Grow,
and Scale subscriptions 1
Set
a time
budget or financial
budget for
the project, then
view
your current
project
budget, timeline, and usage on the left
side of
the Budgets area.
Note: If an
existing budget's start
date is in the future, it
will
not be displayed until
that
date has
arrived.
Hovering over the budget timeline
will display details of how much of your
budget has been used by a certain date and a
total billable cost. Depending on your project
permissions, you can also manage the budget directly from this view.
Task list
budgets
✔
Available
on Grow
and Scale subscriptions 2
Create budgets for each task list on a
project. These budgets inherit the project
budget type (time or financial) and
contribute towards the project budget
usage.
The task list budgets panel shows all of a project’s existing
task list budgets.
- Task list budgets: Each
task list budget row displays the
corresponding task list, total budget
value, % progress to full usage.
- View budget time
logs: Opens the time logs
window and shows all time logs
associated with active budgets.
- Assign task list
budget: Opens
the task list budgets window where you
can modify each budget's value.
Budget
expenses
✔
Available
on Grow
and Scale subscriptions 2
The budget expenses section allows you to add expenses to a project's budget to account for any additional individual costs that maybe required beyond logged time.
The budget expenses section allows you to add expenses to a project's budget to account for any additional individual costs that maybe required beyond logged time.
Expenses added to a financial budget will
be taken into account when calculating the
project's budget usage however, they will
not be reflected in time budgets.
Note: Expenses added to the
Billing area of your project do not relate
to budget expenses and work independently
of project budgets.
Project
profitability
✔
Available
on Grow
and Scale subscriptions 2
The project
profitability section
allows you to track the overall cost,
billable
total, and profit for the project. This
calculated based on the
billable total minus the total cost for
the
current date range.
Note: The project
profitability panel is only available to owner
company site administrators.
You can use the profit toggle to
display the profit column as a currency
amount
or percentage of cost that the profit
represents.
Accounts on Scale subscriptions will
have an additional option to View
profitability report which will
bring you directly to the site-level profitability
report.
1. Also available on legacy subscriptions: Pro, Premium, Enterprise.
2. Also available on legacy subscriptions: Premium, Enterprise.