Introduction to the Project Budget Register

After adding a Project to the Project register, you can create a Project Budget for that Project. This Project Budget record will have two purposes:
  1. It allows you to set a budget for the work required for each Project. You can do this at the Item level i.e. you can specify how many hours of each kind of work carried out by specific employees will be required, what the hourly rate for each kind of work will be, how many purchases, materials and Stocked Items will be required and so on.

  2. It allows you to specify whether a Project will be invoiced on an "Actual" basis (e.g. each hour worked will be invoiced) or on an "As Budgeted" basis (i.e. the Invoice will be for a fixed price agreed in advance).
The Project Budget register in Standard ERP:

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