• Budget Spent not shown for Projects with "Total project fees"

Budget Spent not shown for Projects with "Total project fees"

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  • Last Post 4 weeks ago
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frank.stuhec posted this 4 weeks ago

Hi,

we've setup several projects that have a fixed budget fee.

When we look at these projects in reporting, there is no calculation of "spent" budget.
This seems to be only working for projects that are setup as "Total project hours", right now.

Calculation should also be done for the other butdet types. Otherwise we're not able to track budgets.

 

reporting project budget
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Artem Avramenko posted this 4 weeks ago

 Check that billable rates are specified in projects with the "Total project fees" budget.

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frank.stuhec posted this 4 weeks ago

Hi Artem,

thank you for your reply.
Yes, they are.

 

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Artem Avramenko posted this 4 weeks ago

If you see the 0% budget spending, check also that time entries on the Time page are marked as billable.

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frank.stuhec posted this 4 weeks ago

Hi Artem,

ok, i see.
So it does not calcuate Budget used based on costs, but on hours billable ?
To me this doesn't make sense for projects with total project fee.

I would calculate this as internal costs in relation to total budget, ex:

Budget: $1.000

Member A spent 5 hours ($15 / hour) : $75
Member B spent 12 hours ($35 / hour): $420
So total cost is: $495

Budget used: 49.5 %

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