| Field | Description |
|---|
| Total Fee (Section)
|
This field displays the total monetary amount you expect to receive as the fee for the project, phase, or task:
Direct Labor +
Direct Expense +
Direct Consultant. This amount is updated automatically if you make entries in the three fields below.
|
| Direct Labor (Fee)
|
This field displays the total monetary amount you expect to receive for direct labor for the project, phase, or task. You can change the displayed amount, or, if the field is blank, you can enter an amount.
|
| Direct Expense (Fee)
|
This field displays the total monetary amount you expect to receive for direct expenses for the project, phase, or task. You can change the displayed amount, or, if the field is blank, you can enter an amount.
|
| Direct Consultant (Fee)
|
This field displays the total monetary amount you expect to receive for direct consultant fees for the project, phase, or task. You can change the displayed amount, or, if the field is blank, you can enter an amount.
|
| Budgeted Cost (Section)
|
This field displays the total budgeted cost for the project, phase, or task: Labor budget + Overhead budget + Direct expense budget + Direct consultant fees budget.
|
| Labor (Budgeted)
|
This field displays the Vision-calculated labor budget for the project, phase, or task. If the
Reporting at Burdened Rates option is selected on the Accounting System Settings form, this amount includes overhead.
|
| Overhead (Budgeted)
|
This field displays the Vision-calculated overhead budget for the project, phase, or task, based on the budgeted labor and the budgeted overhead percentage. This field does not display if the
Reporting at Burdened Rates option is selected on the Accounting System Settings form. In that case, overhead is included in the amount in
Labor.
|
| Direct Expense (Budgeted)
|
This field displays the Vision-calculated direct expense budget for the project, phase, or task.
|
| Direct Consultant (Budgeted)
|
This field displays the Vision-calculated direct consultant fees budget for the project, phase, or task.
|
| Profit on Services
|
Vision displays the profit on services provided by your firm, using this equation:
Total Fee –
Budgeted Cost.
|
| Profit %
|
Vision displays the profit percentage for the project, phase, or task:
Profit on Services /
Total Fee.
|
| Reimbursable Allowance (Fee)
|
This field displays the expected amount of reimbursable expenses and reimbursable consultant fees for the project, phase, or task:
Reimbursable Expense +
Reimbursable Consultant. This amount is updated automatically if you make entries in the two fields below.
|
| Reimbursable Expense (Fee)
|
This field displays the expected amount of reimbursable expenses for the project, phase, or task. You can change the displayed amount, or, if the field is blank, you can enter an amount.
|
| Reimbursable Consultant (Fee)
|
This field displays the expected amount of reimbursable consultant fees for the project, phase, or task. You can change the displayed amount, or, if the field is blank, you can enter an amount.
|
| Budgeted Reimbursable
|
This field displays the total budgeted reimbursable expense and reimbursable consultant fees for the project, phase, or task: Reimbursable expense budget + Reimbursable consultant fees budget.
|
| Reimbursable Expense (Budgeted)
|
This field displays the Vision-calculated reimbursable expense budget for the project, phase, or task.
|
| Reimbursable Consultant (Budgeted)
|
This field displays the Vision-calculated direct consultant fees budget for the project, phase, or task.
|
| Budgeted Hours
|
This field displays the sum of budgeted hours for all labor codes for the project, phase, or task.
|
| Overall % Complete
|
This field displays the Vision-calculated weighted average percent complete: (All percents complete x their budgets) / Total project budget
To override this amount, enter a different number in the
Overall Pct Comp field on any of the Labor or Expense tabs.
|
