Project Cost/Profit Tracking

Jeev_Da_ManJeev_Da_Man Member Posts: 2

Hi,

Is there a way whereby i can tag each transaction of a particular project/event/invoice so that I will be able to track the profitability of that particulat project/event/invoice?

This will be a great feature as many business dabble in multiple projects at one time and it would be good to be able to track which of the projects are yielding more profits and which is making a loss.

Of course the general/admin expenses will remain the same without the need to tag to a project.

edited August 31, 2018 in Wave Features

Comments

  • lylavuonolylavuono Member Posts: 17

    @Jeev_Da_Man I usually set up accounts on my Chart of Accounts to do that. You can just make an income account for a specific project and track those numbers that way.

    If you also need to track expenses, you can do the same, but for an expense account (So "Project 1 - Income" and "Project 1 - Expense").

  • Jeev_Da_ManJeev_Da_Man Member Posts: 2

    hmm okay thank you for that. :)

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