Within Teamwork, you can use the
dedicated Budgets area to view and
manage
budgets and other financial aspects of your
project.
Note: The Budgets area
is available on per-user Grow/Premium
subscriptions and above.
Site administrators, project
administrators, and users with permission
to view project budget can access
this area.
- Users will also need permission to
manage project budget to have
edit access.
- The project profitability panel is only available to owner company site administrators.
Go to
the Finance tab of a project
and select
the Budgets subsection.

The Budgets area is
divided into subsections allowing you to
manage different components of your project's
finances.
- Project budget - set a time
budget or financial
budget for the project.
- Task list
budgets - set child budgets
for individual task lists on the
project.
- Task list budgets inherit the project
budget type (time or financial) and
count towards the project budget
usage.
- Task list budgets are available on
Scale subscriptions.
- Project
profitability - track the
project's overall profitability.
- Budget expenses -
budget for once-off and other fixed costs
relating to your project.

Project budget
You can 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
Accounts on Scale subscriptions can 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.
- 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.

Project
profitability
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.

Budget expenses
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.

For more information, see: Managing Project
Budgets