Previous implementation of Projects had two issues:
- Purchase orders don’t have
Accountcolumn so unlessItemwas selected on orders, the expenses on purchase orders would show underSuspenseaccount. - If Purchase Invoice was linked to Purchase Order, it was not possible to select
Projecton purchase invoice. This was originally meant to prevent double-up (when eventual purchase invoice was entered) but it’s not suitable workflow to businesses who use purchase orders but want their project expenses to be based on purchase invoices (actual incurred costs).
To solve both issues, the latest version (24.5.16) is improving implementation of Projects so it’s more flexible and more intuitive.
-
Two new columns are added to
Projectstab:Purchase OrdersandRevised Profit.
-
It’s now possible to select
Projecton all purchase invoices whether they are linked to purchase order or not. -
Project expenses on purchase orders no longer show up on project profit & loss statement. Instead, they show up under new
Purchase Orderscolumn. So now we have 5 columns underProjectstab:
Income and Expenses column represent general ledger transactions. Profit is substracting expenses from income.
Purchase Orders represent uninvoiced project expenses. And Revised profit are purchase orders substracted from Profit.
Keep in mind, that if you use Projects but don’t use Purchase Orders, nothing is changing for you. You should hide Purchase Orders and Revised Profit columns since they will have no meaning.
The guide summarizing this topic is at: https://www.manager.io/guides?projects
