The Finance Overview provides a comprehensive display of all logged project timesheets, including project expenses. It helps you keep track of both billable and non-billable hours, ensuring accurate financial management for your projects.
Key Metrics
- Logged Hours: Displays the total logged hours for the project, including both billable and non-billable hours.
- Billable Hours: Shows the total number of billable hours recorded for the project.
- Billed Hours: Indicates the total hours that have been invoiced to the customer.
- Unbillable Hours: Reflects the total unbilled hours. For example, if there are 3 unbilled hours from the last project invoice, this will be shown here.
The total values are calculated based on the selected billing type for the project.
Example Calculations
Billing Type: Project Hours
If a project has logged a total of 3 hours and the rate per hour in the project settings is set to $40, the calculation would be as follows:
Billing Type: Task Hours
For projects using task-based billing, the total per hour is derived from each task's specified hourly rate.Example Tasks:
- Fix Firefox Bug: Total per hour is $25.
- Create New Table in Database: Total per hour is $40.
If:
- Task 1 (Fix Firefox Bug) has logged 1 hour.
- Task 2 (Create New Table in Database) has logged 2 hours.
The calculation would be:
This detailed overview allows you to effectively manage project finances, ensuring that all logged hours and expenses are accurately accounted for in Zuriey CRM.