Budget information (projects and tasks)
Depending on which features your firm has licensed, you may be able to add budget information for projects and tasks. This information determines how budgets, both in terms of cost and hours, are calculated for projects and tasks. To add budget information, select a project and click the Time and Billing tab.
Projects
There are three ways to enter budget information for projects.
- Tick the Base on Tasks box if you plan to enter budget information for each task. Onvio calculates the project budget based on the task budget information.
- Enter hours and amount manually
- Tick the Calculate Amount Automatically box (only available when the Base on Tasks box is not ticked ) and enter the hours expected to complete the project. When the project is assigned to a preparer who has a staff rate set for the relevant client service, or when a fixed rate has been set, Onvio calculates budget amounts based on what you enter in the Budgeted Hours field. You can set the rate for a client service by choosing Setup > Clients. Select the desired client and click the Services tab.
Tasks
There are two ways to enter budget information for tasks.
- Enter hours and amount manually
- Tick the Calculate Amount Automatically box and enter the hours expected to complete the task. Onvio will calculate the amount based on the assigned staff member's rate or the fixed rate for the relevant client service. You can set the rate for a client service by choosing Setup > Clients. Select the desired client and click the Services tab.