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Tip
titleFRO Cards and Contract Values

When you load FRO cards for in flight projects, you have to think about how it will impact your contract values. For example, if you load 100 hours of FRO cards representing 100k of revenue - should your contract amount be the full amount or be

  1. No FRO - your contracts should represent what is left to deliver. For example, you have a fixed price 500k contract of which 200k has been delivered so far. On the Contract tab your contract amount would be the difference, 300k
  2. FRO with revenue - your contracts should represent the full contract value. Using the previous example, your contract amount is 500kFRO with revenue and DROB

Also see Deferred Revenue Opening Balances (DROB) section for important information about cutting over to in flight projects




Cost Cards

Similar to time cards, you can upload a csv file of cost card data on an expense document by expense document basis through Expense Import. That is to say, first you will add cost cards to expense report ER011111. Then for vendor invoice VI033333. 

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If you have many locations, creating a holiday schedule can be pretty tedious. 


Deferred Revenue Opening Balances

When you move an in flight project into Projector, you may need to load a DROB balance. This balances represents the difference between what you have recognized in revenue vs what you have billed in revenue.