Rates, contracts and Financials

You run dozens of projects and need to know which ones earn money and which ones lose it, while there is still time to act. Plankwork prices every tracked and planned hour at an hourly cost rate, adds the costs you enter yourself, sets the result against what your customers’ contracts bring in, and shows the margin by customer, contract, project, product, team, person or period. Everything is cost, never price: Plankwork does not quote customers or hold bill rates.

• Rates and currencies: an hourly cost rate for the company, a team or a person, in any currency, with one reporting currency for every total.
• Not-charged people: overhead teams whose hours stay visible but whose cost is not added to projects a second time, though the company’s own people cost still counts them.
• Contracts and milestones: what a customer buys, what is invoiced and when, and a frozen baseline to measure a contract’s performance against.
• Costs you add: licences, travel and a risk share on top of labour.
• Financials: revenue, cost and margin across the whole company, with the company-level margin after the cost of time that no project carries.
• Forward Financials: whether the invoicing planned ahead covers the cost planned ahead.
• Breakdown: where the booked days and money go, by project and team.

The full chapter, with every step and setting, is in the app: open your account menu and select User manual.