Project Purchases and Expenses Overview

Purpose

Project purchases and expenses are used to enter;-

•the anticipated part of your fee which has been outsourced to consultants

•project costs other than labour i.e. machinery costs

Additonal Information

Outsourced fees are part of the fees that you charge your clients but which have been sub-contracted to an external consultant.

By creating a purchase order for the estimated outsourced fee these can be deducted from your expected income to calculated the predicted profit.

In order to ensure that a purchase order and all its expenditure is correctly flagged as an outsourced fee you need to ensure that the project purchase order is correctly marked as an outsourced fee.

Follow this link for an overview on Outsourced Fees.

Follow this link to Purchase Orders.

Project expenses are used to record payments to the external consultants and also all non labour expenditure.

Follow this link for Project Expenses.