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Managing Purchases Best Practice

Morning all,

I'm wondering how others are managing purchases on their projects.  Many of our projects will require us to purchase hardware and licencing and we have to include the costs, sell price and therefore profit as part of the overall commercials in the project.  The other commercials to track are professional services sell price and cost.  

At the moment I'm creating a task for the hardware/licence and giving it a Fixed Cost and Actual Revenue and then have a workflow that updates a field called "Amount Invoiced" so we can see the total amount invoiced on the project.

It's not the easiest system for PM's to follow so I'm curious to know how others are managing their purchases.

Cheers

Martin Jubb Answered

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HI Roland,

Yes, since posting this I've spent more time looking at non-labour resource and have started using this functionality.

Cheers

Martin Jubb 0 votes
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