Projects/Jobs allows the user to group transactions in the system for the purposes of reporting and tracking. A project/job is usually created for a short or long term grouping need to achieve profit in some actions with the customer’s needs. For grouping transactions for a permanent purpose or in other goals use Classes.
To add a project to a document for tracking purposes, it must first be created and associated with a Customer. Each project may have one customer but one customer may have many projects.
Managing project costs has never been simpler with Projects & Time module. Our Projects functionality spans the application and projects created here can be tagged on quotes, orders, invoices, bills, payments, receipts – practically everything. The time tracking module allows for recording time spent by task on a project. It makes a powerful way to report on expenses and profits for your small and large projects.
Projects / Jobs are of two types:
- T&M – time and materials, where the client is billed based on actual time and materials consumed/hours spent.
- Fixed – client is charged with a lump sum, regardless on the actual time spent.
Both Classes and Projects / Jobs are optional and can be used separately or together to meet the business needs. Classes represent a high-level breakdown (e.g. Business Units, Lines of Business), whereas the Projects / Jobs are designed for a more precise and narrow analysis.
Enable accounting by Projects #
- Navigate to Lists – Chart of accounts.
- Open each account, that will be affected by the Project postings and tick the toggle Accounting by projects.
Tree view mode #
Use More actions – View mode for switching between view modes:
- Hierarchical list
- List
- Tree
The Tree mode will help you with structured Projects.
