Expense Budgets

Direct and reimbursable expenses, particularly consultant expenses, represent a significant project cost.

On the Project Budget Worksheet, you can enter a budgeted amount for each direct and reimbursable account that will receive postings from a project.

Use the Expense Billing tab and/or Expense Costs tab on the Project Budget Worksheet to budget expenses for your project.

Summary-level Budgets

Some firms build summary-level expense budgets by using budget accounts. They create a budgeting account for each category of expenses; for example:

• 519.99 Reimbursable Consultant Budgets
• 599.99 Reimbursable Expense Budgets
• 619.99 Direct Consultant Budgets
• 699.99 Direct Expense Budgets

Then they enter budgets for just these accounts.

Percent Complete Overrides

You can override the percent completes entered on any of the Project Budget Worksheet tabs. For example, you can specify an overall percent complete for the entire project.