The Thulo Cloud Finance Overview provides a comprehensive view of all logged project timesheets and associated expenses.
Key Metrics:
- Total Expenses: Total project expenses, including both billable and non-billable time.
- Billable Expenses: Total project expenses designated as billable to the client.
- Billed Expenses: Total project expenses included in issued invoices.
- Unbilled Expenses: Total billable expenses remaining after the last project invoice (if any).
Calculating Project Value:
Thulo Cloud calculates project value based on the project's billing type:
- Project Hours Billing:
- Total project value = Rate per hour (set in project settings) x Total logged hours
- Task Hours Billing:
- Total project value = Summation of (Task Total Rate per hour x Task Logged Hours) for all billable tasks
Example Calculations:
- Project Hours Billing:
- Project has 3 logged hours
- Rate per hour (project settings) = $40
- Total project value = $40/hour x 3 hours = $120
- Task Hours Billing:
- Task 1 (Fix Firefox Bug): Total Rate per hour = $25, Logged Hours = 1 hour
- Task 2 (Create New Database Table): Total Rate per hour = $40, Logged Hours = 2 hours
- Total project value = $25/hour x 1 hour (Task 1) + $40/hour x 2 hours (Task 2) = $25 + $80 = $105
Understanding these metrics and calculations empowers you to effectively track project time and cost in Thulo Cloud.
Tags: finance-overview