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15 Uses of BillQuick Budgets

Aug 8, 2010 | By Bob Wolff | 0 Comments

Topics: Project Management, Product Features & Updates, Budgets, BillQuick

Budgets are often the primary tool that project managers and principals use to manage the scope of work being done for a client.

You may think that a budget is a budget is a budget. It is...but it is also a lot more in BillQuick. Here's all the things you can do with a budget in BillQuick:

  1. Create as many line item for a budget as you wish
  2. Create both service/labor and expense portions of a budget.
  3. Assign a budget to a project.
  4. Use the Total Budget Amount as the Contract Amount or have a different Contract Amount.
  5. Restrict who can charge time and expenses to a project to only those employees and consultants in the budget assigned to a project.
  6. Restrict the activities and expenses that can be charged to a project to only those in the budget assigned to a project.
  7. Define the Allocate Tasks for employees and consultants and the tasks based on a budget.
  8. Define Project Control for employees, consultants, activities and expenses based on a budget.
  9. Show the Total Budget Amount, Spent and Left on the Sheet View screen (global setting).
  10. View/print a Budget Comparison Report.
  11. View/print a Budget Cost Comparison Report.
  12. View/print a Summary Budget Comparison with Percent Complete Report.
  13. View/print a Budget Comparison Summary by Phase Report.
  14. Convert a budget into an estimate and an estimate into a budget.
  15. Create a manual invoice based on a budget (or an estimate).

If you have more ideas how to use budgets in BillQuick, please send them to BQ-Ideas @ bqe.com (remove the spaces before using this address).

Bob Wolff
The Author

Bob Wolff

Bob Wolff is Director of Business Partnerships at BQE Software. He began his career in public accounting and went on to start a consulting firm, Fresh Eyes, providing technology, marketing, sales, support, strategic and tactical planning, and executive coaching to various professional services firms until he joined BQE Software in 2004. His greatest joys are his wife, Dayleen, his dogs, Roxie and Wilson, writing science fiction, and helping BQE grow.

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