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New Features: Keep Track of Project Budget by Costs, Project Hourly Rate

Many of our customers depend on the Harvest Project Status reports to keep track of project progress, making sure that hours and costs are within budget. Today we’re excited to announce an improvement that will make the Project Status report even more useful: track project budget by project total costs.

budget-project-costs-1

To use this new feature, go to Manage > Projects, click on any of your billable projects. Under the Budget section, choose the option, Total project costs, and you will see a field for you to put in the estimated project costs. You’ll also notice a checkbox below for you to include project expenses or not – depending on your selection, Harvest will (or will not) include the expenses your team have accrued for the project as part of the total project costs. Make sure that you choose a billable option and put in an hourly rate. Harvest will then show you, visually, on the Project Status report, how your project is doing compared to the estimated costs.

Another small improvement to the project settings page: you can now put in a single project hourly rate. And of course, Harvest will take that hourly rate and calculate the costs on project reports, and will automatically fill in all the info on your invoices.

We hope you find these new improvements useful, and thank you for supporting Harvest! Please let us know if you have any questions, feedback or suggestions.

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This was posted in New Features, Time Tracking, and tagged , , , .
  • Total project costs – budget includes project expenses…thank you …this is very useful and will be used immediately. Great job guys.

  • Thank you very much for the Total Project Cost option. We have been looking forward to this since we signed up with you guys last November. Thanks for listening to your clients, and providing us with such an excellent piece of software.

  • I think this is great and a step in the right direction. Can you take it a bit further and make it so we can put in the budget amount per task? That would really be great in budgeting larger projects that are broken down by tasks. We would be able to see which tasks we are going over/under on budget. Thanks!

  • I second Stacey’s comment.

  • Thanks for the input, everyone. We’re making a note and will keep it in mind as we continue to improve this feature!

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