Cost Book and Cashout Forecast

Introduction 

Financial data for projects is imported directly from financial systems.  The Cost Book model is based on expenditure types.   

The Cost Book operates at a comprehensive level and all the details are managed in here, e.g., purchase orders, invoices, transactions, etc.  This gives Project Managers a view of Purchase Orders, expenditure and commitments, allowing them to track project expenditure against the cost break down agreed in the business case.  

 A Project Manager can forecast out calculations and can compare against the EAC to keep in sync with what they are supposed to be spending, and what has actually been incurred -v- forecast remaining -v- EAC.  These parameters will show if a project is/is not balanced.

 Under the Financials Toolbar Group there are a number of pages listed;   

Hover over Financials 

Select Cost Book (the name can be changed, dependent on your system’s configuration).

This will bring you to the Cost Book for the project, where finances can be viewed and managed.

Financial data for projects is imported directly from financial systems.  The Cost Book model is based on expenditure types.   

The Cost Book operates at a comprehensive level and all the details are managed in here, e.g., purchase orders, invoices, etc. This gives Project Managers a view of Purchase Orders, expenditure and commitments, allowing them to track project expenditure against the cost break down agreed in the business case.  

The Cost Book consists of two main tabs: Cost Book and Cashout Forecast. The third tab, the Transactions Tab displays a flat-list summary of imported files and behaves as all Cora register tables from a filtering and saved views functionality.

The Cost Book tab displays the cumulative financials for the project.

The Cashout Forecast tab details the monthly Budget, Forecast and Actuals.  

Values can be viewed and updated in the Cashout forecast.