First off, head to Business > Projects

Now click ‘New Project’

 

• Give the project a Name and a Code.
• The address can be used for deliveries when raising orders.
• The start and end dates are optional but we recommend you populate them.
• Set the status to active – projects can be disabled/made inactive so no further orders or invoices are assigned to them. 
• Projects Budget – this is a big figure for spend – ie how much in total do you expect to spend on this project? 
• Project Income – perhaps you have a signed contract with the income – you can put it in here.
• Project Manager – you can assign a Project Manager that can be used in approvals.

Now click Add.

From the project list view, you can see the status of projects. To view the contents of a project, click the edit button. Users will need the project edit permission to see inside a project.

If a project doesn’t have a green status icon, it won’t show up in the list view, so make sure any projects you want to show have an enabled status. 

Inside the project, you can set what nominal codes can be used when someone is raising an order against this project. If a budget is created – see the section below – then nominals can be set to the budget. 

You can also head into a division and set the project restrictions. This means if you only want a division to be able to buy against 3 active projects. You can set them in the division. 

Click the Nominal restrictions tab. Switch Nominal Restrictions to On. 

Then click Show nominal codes to select the nominal codes you wish to use for the restrictions.

In the example above, the three green codes will be the only codes available to choose when creating a Purchase and this project is selected. 

• Orders Value – the sum of all orders raised so far, for this individual Project
• Invoice Value – the sum of all invoices recorded so far against this project.
• Projects Accruals – the sum of all orders less the invoices received against them – ie 60,000 of orders less £40,000 of invoices recorded against them. This will exclude any invoices recorded in isolation of an order.
• Profit – Sum of the income figure less value of orders.

Exporting the project list will calculate the positions for you as well as shown below. There is an additional help article for this. Click here

You may want a granular budget on your project. You can create a budget in Business > Budgets and then assign it to the project. A budget can be based on nominal codes or cost codes (or whatever you have named them to). You can then see the progress of the budget inside the project looking for any overspend. You can also use budget parameters in the approval and workflow processes with the over budget condition. 

Give the budget a name and then set it to Indefinite.

As you can see we have three different nominal codes where we can spend different amounts.
Click next and commit the changes 

Now go back into the budget and assign it to the project. 

Now when you go to place an order and select your project and one of the nominal codes, the budget dot will show as will the budget progress. 

After your first order has been created and committed, your Project should look like this: