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Projects

The Projects tab helps you track income, expenses, and profitability for individual contracts, customer relationships, or specific work clusters.

Getting Started

To create a new project, click the New Project button.

ProjectsNew Project

Once your project is set up, you can link it to financial transactions. When entering income or expenses, select the appropriate project from the drop-down menu.

Tracking Expenses

Purchase orders can be assigned to projects. While purchase orders are not actual costs until invoiced, they appear in the Purchase Orders column.

This allows you to track potential upcoming expenses and get a more accurate picture of your project's financial status.

Understanding the Columns

The Projects tab displays several columns to help you monitor project performance:

Name
Name

The project name or title. Use descriptive names like 'Website Redesign for ABC Corp' or 'Q4 Marketing Campaign'.

Income
Income

Total income assigned to the project.

Expenses
Expenses

Total expenses allocated to the project.

Profit
Profit

Net profit calculated by subtracting Expenses from Income. Click this figure to view a detailed Profit and Loss Statement for the project.

Purchase Orders
Purchase Orders

Shows expenses from uninvoiced purchase orders. Click this figure to view all purchase orders linked to the project that are pending invoice processing.

If you are not using purchase orders, you should disable this column since it will always show zero.

Revised profit
Revised profit

Profit adjusted by subtracting uninvoiced purchase orders. This provides a more accurate view of the project's financial status.

For example, if profit is $10,000 and uninvoiced purchase orders total $2,000, the revised profit shows $8,000.

If you are not using purchase orders, you should disable this column since your revised profit will always be the same as profit.