For much of your work, there are a lot of other costs to be tracked in addition to your time. Whether chargeable to your client or not, they all have an effect on a project’s profitability. Lodge them in ProjectPartner to ensure they’re included in project budgets and reporting.
Motel rooms and meals for site visits, airport transfers and hotel Internet charges for business trips, printing and messenger charges to send proposals to clients—define your own categories and types, complete with ledger codes if required. And if your project includes the purchase and on-sale of goods, the costs and charges for these can be managed too.
As with all costs associated with projects you manage through ProjectPartner, these expenses, disbursements and sales can be recorded in any currency and converted to your budget or billing currency at the rates you specify.
Even if your organization is not concerned with large-scale asset development and maintenance, ProjectPartner’s integrated supplier and contract management is very useful for managing subcontracted work.
By defining expected outwork as supplier contracts, you can manage expected costs and accommodate variances. When your supplier bills you for work done, ProjectPartner can automatically validate your disbursements against the budgeted cost.
Applying your project coding to contracts means that verified claims are automatically added as disbursements, ready for inclusion in profitability analytics and cost recovery.