erp-360

1. erp-360 Really Easy ERP

2. Project Management in erp-360 • Erp-360 lets you manage all your projects, expenses, income and profitability of projects. • Projects are defined by Partner (who is the chief of the project), project duration and project fee. • You can have hundreds of projects in your system. • Projects have a fee, and project has human cost, and the difference of these two, i.e. Project Fee- Project Human Cost = project profitability. • Erp-360 automatically calculates project financial details on runtime. Gangeshjha

3. How it works • First, we define Rate per hour for every employee in erp-360. • Task manager records Number of hours / Minutes work done by an employee for a particular task (and hence project). • Finally it multiplies these two, summing for all employees worked on a particular project. Gangeshjha

4. Project expenses • In a project, we might have expenses other than human cost, like travelling charge, promotion cost etc. • In erp-360, we can record all expenses that occurs in ledgers and projects combined. • Finally we sum of all expenses for projects to get total expenses. • Actual expense = human cost + expenses. Gangeshjha

5. Project Income • Project fee is the agreed fee for consultation of a project, which is usually paid in installments. To get the real time figures, we record all actual income against a project that is paid by the concerned clients time to time. • Profitability is defined as the actual Income up to now – actual expenses up to now. • It means , project profitability changes with time (as income and expenses change) Gangeshjha

6. Ledgers in Finance • To manage income and expenses under various heads, like transport, printing cost, and others, we have provided options to create ledgers. • All income and expenses are recorder against a project in different ledgers for better management. Gangeshjha