2/13/2023 0 Comments Bee invoicing timesheetPart 2, Cost budgeting templates, includes information about how to create contract and project templates and how to apply those templates to contract and project records. It also includes information about default unit costs and how overhead is calculated. It also describes how to create rate tables for calculating project costs, overhead, and profit, and how to create unit of measure schedules. Part 1, Resource planning, includes information about setting up employee, vendor, equipment, and miscellaneous records for tracking project costs and billing customers. The manual is divided into the following parts. ![]() To view information about the release of Microsoft Dynamics GP that you're using and which modules or features you are registered to use, choose **Help ![]() Some features described in the documentation are optional and can be purchased through your Microsoft® Business Solutions partner. You might also need to be familiar with features described in General Ledger, Bank Reconciliation, Multicurrency Management, Purchase Order Processing, Purchase Order Enhancements, Payables Management, Receivables Management, Inventory Control, United States Payroll, Canadian Payroll, or Report Writer. To make best use of Project Accounting, you should be familiar with systemwide features described in the System User's Guide, the System Setup Guide, and the System Administrator's Guide. This manual is designed to give you an understanding of how to use the cost management features of Project Accounting, and how it integrates with the Microsoft Dynamics GP system. This introduction is divided into the following sections: You can create multiple contracts for a customer, and a contract can include one or more projects. You can purchase items for projects and receive them using Purchase Order Processing, and then enter inventory transfers to make the items that you purchase available for projects in Project Accounting. You can use equipment logs to track how equipment is used for a projects, and use miscellaneous logs to track miscellaneous expenses for a project that can't be tracked using other transactions. Using timesheets and employee expense transactions, you can track the time that employees spend on projects and the expenses they incur. You can create rate tables to specify how much customers should be billed for employees and equipment. You must enter information about the employees and equipment that you will use as resources for projects. You can assign cost categories to a project budget and use the budget to estimate and track project performance. ![]() A cost category determines how cost, the billing amount, revenue, and profit are calculated for a specific activity. You can use Project Accounting to set up the various cost categories to use for projects. It also includes information about how to specify how billing amounts, revenue, and profit should be calculated, based on project costs. The Project Accounting Cost Management Guide includes information for project managers about how to use Microsoft Dynamics GP Project Accounting to estimate and track project costs.
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