Difference between revisions of "Project details, Finances tab"

Revision as of 14:03, 19 October 2020

On the Finances tab of a project you can:

— Add receivables from your client.

— Open existing receivables for editing.

— View payables to your vendor.

— 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 a receivable by pressing the "New receivable" button and choosing the receivable type:

• "Flat rate"—if you just need to enter the amount of a receivable 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 data type to fill in 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:

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.

Download receivables PO

To download receivables PO, go to the Finances tab of a project, and in the Receivables from client field press the "Download receivables PO" button:

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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Note: You cannot invoice payables included in jobs that haven't been accepted by managers. The checkbox is not displayed in this case.

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:

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 on the Finances tab of the project by clicking the corresponding button:

If needed you may always unmark the project as Free of charge:

Note: You cannot make the project free of charge if there are any receivables.

Project tabs

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

• 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.