How Do I Create Budgets?
With ArchiOffice, you
can effectively manage projects by setting budgets for each phase of the
project. Do the following to create a project budget:
- Click Projects
on the navigation bar.
- Select a listed project to edit.
- On the Details tab, select Open
from the Project Status drop-down
list. Do this at the quote stage of a project, before it becomes active.
- Click the Phases/Codes
tab.
- In the Budget
Hrs field, set overall hourly budget for each phase.
- On the Projects
-Billing screen, select Budgets
from Action drop-down list
on the button panel
- Set the phase fees.
On the Projects -Tasks screen,
you can have an hourly budget calculated from the tasks. In this case,
in phase 01 Pre-Design, the total of the individual tasks comes to 43.50
hours, well within the phase budget of 100 hours.
- Project budgets can be established for each
phase either by specifying a percentage of a total contract amount
or by entering an actual $ amount allocated for each phase (click
the appropriate button in Set Budget By). You can also choose to set
the allocated time either by hours or $/Hr.
This allows you to budget the amount of hours budgeted for each phase
or the anticipated average dollar per hour. Therefore the budget can
be set by 4 methods:
Choosing the appropriate budget method will open the corresponding
column to enter budget values.
Please note the budget totals accumulate at the bottom of the project
phases.