If you work with financial budgets for projects (or even tasks), then you know that by default, financial budgets (for project income and expenses) are utilized only from paid income and expenses.
👉 However, you can now choose whether budgets should also be utilized from unpaid (i.e. scheduled) items, including scheduled regular income/expenses:
If you choose to have the budgets also utilized from upaid income or expenses, then the system calculates the utilization as follows:
- for unpaid income and expenses, the planned amount of income/expense is used (with or without VAT, depending on the option chosen)
- for paid revenue and expenses, the amount as paid is used (with or without VAT, depending on the option chosen)
The default value of this setting for projects and tasks can be set in the settings of the Projects section (General tab). The default value can always be changed manually for each project or task.
Learn more here: How to manage project budgets and profitability? 📺
We hope you will like the enhancement and it will help you work a little more efficiently.