Project Profitability

Project and related activities are generally active for longer time periods. While developments happen on the Project, there are various income and expense incurred against it. Hence, it becomes important to track the Profitability of a Project and ensure that you don't overspend.

Project in Sales Transactions

You can link a Project in all the sales transactions like Sales Order, Delivery Note, Sales Invoice, and Payment. Linking Project with the sales transactions will help you in tracking income received against that Project.

In sales transactions, Project field is generally available in the More Information section.

Project in Sales

Project in Purchase Transactions

The project can also be linked to the purchase transactions like Purchase Order, Purchase Receipt, and Purchase Invoice.

In the purchase transactions, Project's link field is available in the Item table. This is because you could be procuring material for multiple Projects from the same purchase entry.

Project in Purchases

Budgeting against Project

You can create Budget for a Project as well. The expense limit defined in the Budget master will be validated in the expense transactions.

Project Budgeting

Project Profitability

Based on the all the income and expense entries created for the Project, you can get its profitability.

Accounts > Profitability Analysis

Filter report based on Project to check Projectwise Profitability.

Project Profitability