Billing Tab of Project Review

Use this form to compare billing amounts to actuals.

Contents

This tab only displays when:

• The Budget Source is set to Project Plan.
• The Vision Billing application is installed.
• The Reporting at Billing option is selected in Accounting System Settings.

For any field with a blue, underlined amount, click the amount to open the corresponding dialog box of supporting detail. On the supporting detail dialog box you can also click any blue, underlined amount to see another level of detailed data on a second drill-down dialog box.

Field	Description
Principal-In-Charge	This field displays the employee at your firm who is identified as the project's principal. You can drill down on this employee name to display the employee's record in the Employee Info Center. You specify the principal assigned to the project on the General tab of the Project Info Center.
Project Manager	This field displays the employee at your firm who is serving as the project manager for the project. You can drill down on this employee name to display the employee's record in the Employee Info Center. You specify the project manager assigned to the project on the General tab of the Project Info Center.
Supervisor	This field displays the employee at your firm who is serving as the supervisor for the project. You can drill down on this employee name to display the employee's record in the Employee Info Center. The supervisor is assigned to the project on the General tab of the Project Info Center.
Budget Source	If your firm is using Vision's Planning application, you can decide whether you want to draw budgeted amounts from: The budget worksheet in the Accounting application (Budget Worksheet option). A mapped plan in the Project Planning application (Project Planning option). You select the budget source on the Options dialog box in Accounting > Project Review. The budget source impacts the fields that display on the Billing Analysis tab. Refer to each field description for details.
Currency	If your firm uses the Multicurrency feature and if you report at billing rates in Billing Currency not Project Currency, this field displays the billing currency of the project. Otherwise, it displays the project currency of the project that your company selected from the list of enabled currencies. Fields in the Billing Tab are impacted by the following Accounting System Settings: Reporting at Billing Rates When this option is selected, project review displays amounts based on billing and cost rates. This option is only available if the Vision Billing application is installed. Use Billing Currency not Project Currency When you use the Multicurrency feature and this option is selected, project amounts are reported using the billing currency instead of the project currency.
Fee Analysis at Billing Value	The columns in this section provide an overview of the Contract/Fee, Planned, and Variance amounts at billing for your plan. Contract/Fee The user- entered compensation or fee amounts. As you update or change these amounts, the planned and variance amounts automatically recalculate. Planned The planned amounts at billing that are pulled from different areas of Vision. Variance The difference between the Contract/Fee and Planned amounts. You can read down each row to view the contract or planned amounts for the following categories: Compensation The sum of all labor and direct expense amounts, which is added to the direct consultant amount. Direct Consultants The amount budgeted or spent on direct (non-reimbursable) consultants. Reimbursable Allowance The reimbursable allowance includes all expenses that will be reimbursed to your company by the client, including reimbursable consultant fees. Total Total of all compensation, direct consultant, and reimbursable allowance amounts. These amounts are pulled from different areas within Vision. The columns that display depend on the project's budget source and the project's charge type (Regular, Overhead, or Promotional).
Planning Analysis at Billing	The columns in this section provide an overview of the Actual, Estimate to Complete, and Estimate at Complete amounts at billing for your plan. Actual These fields display the actual amounts that are pulled from different areas of Vision. Estimate to Complete These fields display the amounts remaining to complete. The ETC is calculated based on the application, Vision or Navigator, in which the plan was created. See the How Planning Calculates ETC online help topic for additional information. Estimate at Complete These fields display the sum of the Actual and Estimate to Complete amounts. You can read down each row to view the actual and estimate to complete amounts for the following categories: Compensation The sum of all labor and direct expense amounts, which is added to the direct consultant amount. Direct Consultants The amount budgeted or spent on direct (non-reimbursable) consultants. Reimbursable Allowance The reimbursable allowance includes all expenses that will be reimbursed to your company by the client, including reimbursable consultant fees. Total Total of all compensation, direct consultant, and reimbursable allowance amounts.

These amounts are pulled from different areas within Vision. The columns that display depend on the project's budget source and the project's charge type (Regular, Overhead, or Promotional).

Job-to-Date Actual

Field	Description
Planned Ratio	The Planned Ratio is shown when planned at Billing. It is used to evaluate how much revenue a plan will return based on each labor billing dollar planned. Planned Total Compensation (Compensation + Consultant Fee + Reimbursable Allowance) - Direct and Reimbursable Expenses / Planned Labor Billing
Realization Ratio	Vision calculates the Realization Ratio in this way: Total Earned Value / Total Actual Billing Value
Planned Variance $	Vision calculates the Planned Variance amount in this way: Total Contract Compensation - Total Planned Compensation This field does not display if the project's charge type is Overhead or Promotional.
Earned Revenue	This field displays the actual Job-to-Date revenue that is associated with the current period.
Actual Bill Value	This field displays the actual Job-to-Date amount that was spent at billing that is associated with the period.
Actual Variance $	Vision calculates the Actual Variance amount in this way: Total Earned Actual - Total Billing Actual This field does not display if the project's charge type is Overhead or Promotional.
Actual Variance %	Vision calculates the Actual Variance percent in this way: Total Variance / Total Earned This field does not display if the project's charge type is Overhead or Promotional.
% Complete	This field displays the percent of the project that is complete.
% Expended Hour	Vision calculates the percent expended per hour in this way: Total Actual Hours / Total Planned Hours
% Expended $	Vision calculates the percent expended dollar amount in this way: Total Actual Hours / Total Planned Dollar Amount