Budgeting Concepts

You can:

• Specify the fixed price of a job in the Contract tab. This is done either as a fixed price budget or a quote, depending on the job setup.
• Work with working budgets and baseline budgets for T&M and fixed price jobs. The fields shown in the cards and the tables adapt to the invoicing method (for example, information about cost and sales prices).
• On fixed price jobs, track budgeted costs and gross margins included or excluded from a fixed price job budget separately.
• On lines included in fixed price, view only the relevant budget fields. The billing price and gross margin fields are automatically hidden.
• Easily view amounts in the relevant currency. The amounts are shown in base currency, but if the currency on the job is different from the base, overall currency amounts are shown dynamically.
• Work with jobs where budget matrix (Detailed Time Budget) is enabled.
• Review and approve budgets.
• View revision history to trace all changes on the budget.
• Filter and view selected job budgets in the list view.

Note: When working with budgets with work breakdown structure (WBS), you can view and edit, to a degree, this budget, but the workspace does not support showing and editing the structure of it.

This workspace is listed under the Jobs section of the iAccess menu.