Project Summary

The Project Summary report compares job-to-date expenditures to budgeted amounts. For each regular, revenue-producing project, you see total labor, overhead, total direct expenses, and total reimbursable expenses, compared to the project's budget.

Principals and project managers use this report to analyze how projects are performing against budget, and to monitor percent complete. You typically generate this report after a labor or expense posting.

Select the Source of Budget Data

If your firm uses the Vision Planning application, use the options on the Budget tab to select the source of the project budget data for the report:

• Project Budget Worksheet in Accounting
• The plan mapped to the project in Planning

Effective Dates

Vision Billing includes the option to specify effective dates for billing rates. You can establish a schedule of rates at which employee labor is billed throughout the course of a project.

If a project's billing rate is determined by a billing labor rate table, the date of the transaction affects the billing rate. This applies to transactions entered through Transaction Entry, using a Billing Labor Insert, or using a Billing Labor Transfer. Vision compares the transaction date with the effective dates in the billing labor rate table to determine which billing rate to use to calculate the billing amount.

Improve Performance with the Use Summary Table Option

Calculations performed for this report place high demands on processor resources. In some cases, it can take a long time to generate the report for large databases. To minimize the time it takes to generate the report, first run the Refresh Project Summary Table utility and then select the Use Summary Table option on the General tab of the Options dialog box for this report.

Multicurrency

If you are using the Multicurrency feature, a report may display amounts in different currencies. If the report contains a total for a column that contains mixed currencies, Vision display that total as ####, rather than as an actual amount. If you generate a report with a mix of currencies, you can include currency symbols or codes to identify the currency for each amount.

For more direct comparison of amounts, you can select a presentation currency for the report, and Vision converts all amounts to that currency. To do that, select Presentation Currency in Report In on the General tab of the Options dialog box and specify the currency and the date for determining exchange rates.

Options Dialog Box

Use the Options dialog box to specify reporting options for a report. Depending on the report, the dialog box contains one or more of the following tabs: General, Sorting/Grouping, Columns, Budget, Metrics, User Defined Sections, Activity, Drill Down, Layout, and Graph.