Other Income (explained)

Purpose

Explains how Timemaster calculates Other Income (time and expenses earned)

NOTE: Figures from tasks marked as 'speculative' are omitted from the calculations.

All time, staff expenses and project expenses that have been invoiced, or are in WIP, less any discounts (up to the reporting date).

Time

1.Timesheet Enquiry grid

2.Filter by the project (if necessary)

3.Filter to only include Timesheet Line Status = ‘F’ (finalised – this will include invoiced lines too).

4.Set the high date to the reporting date

5.The total of the Recharge Cost column is all the time invoiced, or currently in WIP

Staff Expenses

1.Staff Expenses grid

2.Filter by the project (if necessary)

3.Filter to include only Expense Status = ‘A’ (approved) or ‘I’ (invoiced)

4.Set the high date to the reporting date

5.The total of the Charge column is all the staff expenses invoiced, or currently in WIP

Project Expenses

1.Project Expenses grid

2.Filter by the project (if necessary)

3.Filter to include only Expense Status = ‘A’ (approved) or ‘I’ (invoiced)

4.Set the high date to the reporting date

5.The total of the Charge column is all the project expenses invoiced, or currently in WIP

Other Income = Time Enquiry grid: Recharge Cost + Staff Expenses grid: Charge + Project Expenses grid: Charge

Any images shown may be representative of the previous version of Timemaster

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