Project details, Finances tab

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Revision as of 15:26, 26 July 2022 by Andrii (talk | contribs) (Receivables from client)

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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:

New rec.png

  • "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):

UB receivable.png

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

1st update clone.png

Note: If the receivable has been already invoiced, you cannot delete it without deleting the invoice first. Or you can unlink the receivables from the invoice.

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":

3rd one.png

Find more about clients invoicing here.

Export data to Excel

To export the list of receivables to Excel, go to the Finances tab of the project and click the "Export to Excel" button in the Receivables from client section:

Export receivables to excel.png

Payables to vendors

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

1 rr.png

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:

To add another job.png

Invoice payables

You can create invoices directly from this section.

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

2nd one.png

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

If the job status is not "Completion accepted" or there is no payment method specified for the vendor, the corresponding payable(s) will not be invoiced.


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:

Project finances summary.png

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:

Mark as free of charges.png

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

Unmark 2.png

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

Receivables and Payables sorting

You can sort your Receivables and Payables by clicking on the names of the columns highlighted with blue:

Receivables sorting.png

Payables sorting.png

Project tabs

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

Finfin.png

  • 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.

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