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Projects Balance

Projects Balance Report​

Projects Balance Report in your ERP application provides a clear overview of the financial status of each project, helping businesses track project-specific income, expenses, and profitability. This report consolidates all transactions linked to a project, enabling accurate project cost analysis and budget monitoring.

Purpose​

  • To monitor the financial performance of individual projects.

  • To compare the actual project balance against the allocated budget.

  • To identify cost overruns or profitability gaps early.

Key Features​

  • Displays project-wise opening balance, total income, total expenses, and closing balance.

  • Tracks both billed and unbilled amounts.

  • Supports filtering by project name, customer, project manager, or date range.

  • Helps in decision-making for resource allocation and project continuation.

Typical Columns in the Report​

Project NameCustomer NameOpening BalanceTotal IncomeTotal ExpensesClosing BalanceProject Status
Website RedesignABC Pvt. Ltd.₹50,000₹1,20,000₹90,000₹80,000In Progress
Mobile App DevXYZ Ltd.₹0₹2,00,000₹1,75,000₹25,000Completed

Example Usage​

  • Project Manager checks the balance to ensure the project stays within budget.

  • Finance Team uses the report to track pending invoices or costs yet to be billed.

  • Management reviews profitability for decision-making on similar future projects.