Approved project time becomes cost and billable lines
What moves
Approved time entries become cost and billable-amount lines per project in accounting, and Projects marks the entry posted. Projects reads invoiced revenue from invoices already linked to a project, but nothing in accounting links an invoice to a project, so revenue shows zero until that link exists.
Before you start
- Project Management and Accounting in your plan
- A cost rate resolvable for the person
Step by step
- Project memberProject Management
Logs or times hours on a task and submits them.
You see:The entry is waiting for approval.
- Approver (project manager, manager or accountant)Project Management
Approves the entry.
You see:The entry is locked as approved.
- SystemAccounting & E-Invoicing
Prices the hours at the person's labour cost rate and writes one cost and billable line for the project, once per entry; a redelivered message changes nothing.
You see:The line appears in the project's analytic ledger. With no cost rate it is stored without a cost.
- SystemProject Management
Marks the entry posted when accounting confirms.
You see:The entry shows as posted.
- AccountantProject Management
Opens the project's profit and loss.
You see:Sees cost, billable value and revenue; margin reads unknown, not zero, when cost or revenue is missing.
Related
- Accounting & E-Invoicing
- Project Management
- Assets become fixed assets with book values
- Authors cannot approve their own accounting entries
- Credit is checked before an order is confirmed
- A rejected Saudi e-invoice is fixed and re-issued
- A stock movement that could not post is fixed and posted
- Connections between modules