Difference between revisions of "Project details, Finances tab"

Revision as of 10:39, 19 July 2019

On the Finances tab of a project you can:

- Add receivables from your client.

- Open existing receivables for editing.

- View payables to your vendorб.

- Open existing payables for editing.

- Create invoices.

- View the project finances summary.

Receivables from client

This is the summary of how much your client will pay you.

You can add the receivable by pressing the "New receivable" button and choosing the base:

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• "Flat rate" – if you just need to enter the amount of payable receivables without entering volumes and rates.

• "Unit based" – if you have to enter the volume and rate for calculating the price.

• "CAT log based" – if you have fuzzy matches logs generated by CAT tools and want to calculate discounts for each type of match.

It will open the New receivable page (the page will be displayed in accordance with the type of receivable you've selected):

Entered receivables can be edited, cloned, and deleted by pressing the corresponding buttons:

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Note: If the receivable has been already invoiced, you cannot delete it without deleting the invoice first.

Invoice receivables

If you are issuing a separate invoice for each project, you can create invoices directly from this section.

To do so, select the receivables you need to invoice and press "Invoice selected":

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Find more about clients invoicing here.

Payables to vendors

This is the summary of how much you have to pay your suppliers.

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Note: Payables (as well as receivables) might be in different currencies, and the system automatically converts Grand Total to your default currency.

Each payable can be managed by pressing the "Clone", "Update", and "Delete" buttons.

Note: If the payable has been already invoiced, you cannot delete it without deleting the invoice first.

To add new payables, go to the Jobs tab of the project page, and open the job you need to add them.

You may also do so by clicking the link above the payables table:

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Invoice payables

You can create invoices directly from this section.

To do so, select the payables you need to invoice and press "Invoice selected":

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Find more about vendors invoicing here.

Project finances summary

Project finances summary is based on the receivables entered on the Finances tab of the project and payables entered in the assigned jobs within the project:

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A project profit margin is calculated according to the formula:

Profit margin=(100 * (Σ(receivables) - Σ(payables)) / Σ(receivables)

Free of charge project

If you are not going to charge your client for this project, you may mark it as free of charge by ticking the "Free of charge" checkbox while creating or updating a project:

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It will hide the Receivables from client section, and you won’t be able to enter receivables. You can revert it by unmarking the "Free of charge" checkbox.

Note: The "Free of charge" status is made to differentiate free projects from projects without receivables (for example, you forgot to enter receivable).

Thus, you will easily find the projects with missing receivables. If the project is "Free of charge", then it has no missing receivables.

For more info on how to filter projects, please check the Search projects with filters section.

Project tabs

Apart from the Finances, the project has the following tabs:

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• The Details tab contains the project details you entered during the project creation and update, click to see the details.

• The Files tab contains all the files related to the project, click to see the details.

• The Jobs tab is used to assign the jobs to the vendors (e.g. translators, proofreaders etc.), click to see the details

• The CAT logs tab calculates discounts for each type of match if you have fuzzy matches logs generated by CAT tools.