Record project cost (Integrated with Expenses, Timesheets, Accounting)

Viindoo system integrates Expenses module, Timesheets module, and Accounting module to help enterprises manage costs, compare revenues/costs while implementing projects.

Modules to install:

Expenses

Whenever a project is created, the system will auto-create a corresponding analytic account.

For example, when you create a project called Building apartment for Mr A, the system will auto-create the Building apartment for Mr A analytic account.

The project’s analytic account

Navigate to Expenses > My Expenses > My Expenses to Report to create the expenses of each employee.

On the Expenses view, select the project’s analytic account to see the expenses of the project.

Select the analytic account from the expense

Timesheets

Record real-time working hours is a quick way to report the work, helps managers control the working details on each task, record the working progress and the arising cost for the overtime of the person in charge.

Enter Tasks, select a task, press Log Timesheet or press the Timesheets tab to manually record the time.

From the employee’s timesheet assigned on the task, the system will list all the costs to do the task.

Timesheets on a task

Navigate to Project > Timesheets.

Timesheets button

The system will show the real logged time of the whole project.

Logged time of the project

Refer to Track employee cost by timesheet.

Accounting

You can attach the project’s analytic account of cost and revenue to all the invoices, bills, timesheets, expenses, or journal entries, this will help gather the data of the project’s revenue/ cost.

To attach the analytic account to a bill, navigate to Accounting > Vendor Bill, select a bill. On the bill, select the analytic account.

Analytic account on a bill

Or you can navigate to Accounting > Configuration > Analytic Accounts.

Analytic account

Search the analytic account on the search bar and select the analytic account for the project. In the account view, press Cost/ Revenue.

Cost/ Revenue button

Here, you can view the Cost and Revenue details while implementing the Project.

The project cost and revenue