Table of Contents
Projects Finances Report Use Cases
Required Permissions
Navigating the Projects Finances Report
Setting Up Projects Finances Report
Explaining Calculations
Filtering in the Projects Finances Report
Use Cases
I want to check the profitability of the chosen projects
Projects Finances Report Use Cases
Your organization’s financial status includes whether funds are scheduled or actual expenses. It is essential to understand the sources of both your planned and actual finances and what data they’re based on.
The primary purpose of a financial report is to compare your plans with reality and monitor profitability trends. You can analyze profitability for:
- a single project,
- several selected projects and/or
- all projects in the company
With a financial report, you can also observe whether margins increase or decrease over the following months.
Required Permissions
You must have specific permissions to create, edit, and view financial reports. Read this article to learn more about user rights and permissions in Foresight Connect.
Navigating the Projects Finances Report
Once logged in as a manager, go to the Reports tab in your primary navigation sidebar. Then, open the Projects Finances sub-tab.
Setting Up Projects Finances Report
You’ll see a button labeled Prepare Report. Click this, and a report will appear, which you can then configure as you see fit.
| Make sure you have financial access ➡ Log in to the Manager Role ➡ Go to the Reports Tab ➡ Click Prepare Report Button ➡ Configure your report |
Set up your report by configuring the following:
- Time Frame
- Assignment Types
- Data Filtering
- Data Granulation (View)
Explaining Calculations
Scheduled finances come mainly from assignments. Actual finances, on the other hand, are generated from costs and revenues related to time entries and work logs. In Foresight, each time entry can be accessed, where costs and revenues can be determined. They can be automatically completed according to the manager's settings.
| Data Sources | |
| Scheduled Finances | Actual Finances |
| Assignments | Costs |
| Revenues | |
| Time Entries | |
Filtering in the Projects Finances Report
Various filters allow you to view finances for a selected client or projects marked with specific hashtags. Additionally, the view allows you to forecast the project profitability, considering uncertain assignments in the draft and reserved status.
Use Cases
I want to check the profitability of the chosen projects
| Make sure you have financial access ➡ Log in to the Manager Role ➡ Go to the Reports Tab ➡ Go to the Project Finances Section ➡ Click Prepare Report Button ➡ Configure Assignment Types and Time Frame ➡ Type Project Name |