Sage 50 Accounts Project Costing provides the features you need to maintain accurate details about projects, and helps you to track and evaluate the costs incurred. Understanding a project's costs helps you manage projects more efficiently, make them more cost effective and to determine your most profitable types of project.
Using Project Costing, you can enter and monitor all of the costs associated with each project. This means you know exactly how much it costs your business to complete a project, and how much to charge your customer to ensure that your business makes a profit. You can also avoid costly overruns by tracking expenditure.
You can also use project costing to track non-profitable or in-house projects.
Projects is only available if you select Enable Project Costing in Settings > Company Preferences > Parameters. You can then access the Projects module from Modules > Projects.
To help you manage and maintain your projects, this window gives you quick and easy access to all of the project options.
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New Project |
Opens the New Project wizard which guides you through the process of creating a new project record. |
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Project Record |
Opens the selected or a blank project record. You can also use this to create a new project record. Find out more |
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Activity |
Shows the transaction activity for the selected project record. Find out more |
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Project Charges |
Records a charge to the selected project. This only affects the project, and not the nominal codes. Find out more |
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Project Credits |
Records a credit to the selected project. This only affects the project, and not the nominal codes. Find out more |
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Resources |
Opens the Resources window, where you can add new resources for your projects. For example, you may set up a contractor as a resource. Find out more |
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Enquiry |
To help you to track projects, this shows the costs and revenue of the selected project. To show a further breakdown, you can drill-down on any of the values. Find out more |
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Reports |
Access project reports through the Report Browser. Find out more |
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