Project History

When preparing to enter project historical data for Vision, you should consider when to enter project history and how much history you will enter.

Timing

You can enter project history during installation, after installation, or not at all. Some firms find it easier to install Vision and process transactions for one or two accounting periods (typically one or two months) before they enter project history. This allows users to gain a better understanding of how Vision works and where project reporting data originates, which in turn makes it easier to determine the level of history data that must be entered to meet the firm's processing and reporting needs. Keep in mind, however, that your project reports may not be useful until after you have entered project history.

Level of Detail

Most firms do not maintain project files that are as detailed as the project files available in Vision. Therefore, the most difficult history decisions often involve how much project history to enter. The amount of project history that you enter effects the level of detail on your reports and your ability to process data accurately.

For example, if you do not enter labor and expense history, your project and Time Analysis reports, unbilled transactions for billing processing, and job-to-date overhead amounts will not include complete or accurate details. You also may not have sufficient data to run Revenue Generation accurately.

Conversely, you may not need complete data for all projects. You may opt to supply history for only certain projects or for no projects at all. For example, you may decide not to enter history for projects that will end during the next few months, instead, entering history only for projects that will continue past a specified date in the future.