How do I add Budget Information to a Project?
After setting up a Project you can add Budget Information. Hover over the 'Project' Tab and click on 'List Projects' from the drop-down list. This brings up the Project List Window. Click on the Project to bring up the Project Details Page. Click on the Budget Tab. This brings up the Assignments Tab where you Assign Personnel by clicking the Assign Personnel button and add an Hours Budget for them.
Click on the Expenses Tab to enter the Projects Budget for non-labor Expenses.
Click on the Invoices Tab to Create a Project Billing Budget. This is also where you can create an Invoice and acknowledge receipt of payment.
The Account Triggers Tab allows you to set notifications when Budget milestones are met or not.
The Profitability Tab provides you an overview of your expected profitability for the project.
What is Other Direct Cost (ODC)?
Non-Labor Expenses such as Materials and other purchases necessary for the success of a project.
What is ODC overhead?
A perceptible of the ODCs to cover the common business expenses necessary to make those purchases such as labor for non-direct bill labor necessary to obtain quotes, make the purchases, receive and inspect the purchases, create and manage invoices and payments, etc. as well as the facility and operating costs necessary to support those people and the receipt and storage of the purchases.