Before embarking on investing manpower, material resources, and financial resources into campaigns or opportunities, enterprises estimate the upcoming costs and expected revenue, and calculate the estimated gross profit, which is called the estimate. To help enterprises determine the cost range of investment.
After an enterprise signs a contract with a customer, the contract signing amount is the budget revenue, and the gross profit and gross profit rate of the budget are calculated according to the input cost of the contract performance budget.
Accounting summarizes the estimates, budget, and actual expenses, external fees, accumulated personal expenses, corporate costs, and personnel hour costs of the project. Based on this, Gross profit and Net profit are calculated.
Whether you are in the office or on the road, you can easily control your personal expenses using the CloudCC expense module, recording the expenses that have already occurred in a timely manner. At the same time, after the expenses are approved and successfully reimbursed, the reimbursement amount will be summarized into the corresponding actual personal expenses on the associated estimate or budget record.
Generate External Fees to Track The Payments You Owe To Your Vendors or Other Third-Party Enterprises
The CloudCC Budgeting integrates with the CloudCC Project. After winning the opportunity, if manpower needs to be invested in the delivery process, the project can be initiated, tasks can be assigned, and the assigned person records their work hours. The planned hours cannot exceed the budgeted hours, and the actual work hours cannot exceed the planned hours.