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..

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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.

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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.
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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.

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.

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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.

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Accounts on Scale subscriptions will have an additional option to View profitability report which will bring you directly to the site-level profitability report

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1. Also available on legacy subscriptions: Pro, Premium, Enterprise.
2. Also available on legacy subscriptions: Premium, Enterprise.