Costlocker guide
  • GETTING STARTED
    • What is Costlocker and who is it for
    • Registration and Company setup
    • Quick start in 5 steps
      • 1. Add People
      • 2. Create Activities
      • 3. Create Clients
      • 4. Create Projects
      • 5. Time Tracking
    • What's next?
  • Projects
    • Managing a Project
      • Creating a Project
      • Creating a Project by Duplication
      • Auto ID
      • Tags
      • Responsible People
      • Discount on the project
      • Project Billing
      • Finishing a Project
      • Exporting the Budget
      • Locking a Project
    • Recurring project
      • Creating a Recurring Project
      • Working with a Recurring Project
      • Manually Duplicating a Recurring Project
    • Types of Budgets
    • Project Detail
      • Overview
      • Report
      • Alerts
      • Cost Estimate
      • Billing
      • Rates
      • Business Reports
      • Timesheet
      • Notes
    • Project Expenses
      • Project Expenses Report
    • Billable vs. Non-Billable Hours
  • People
    • Adding people
    • User Roles
    • Activating / Deactivating a Person
    • Salary
    • Bonuses
    • Calculating an Employee's Hourly Rate
  • Activities
    • Creating Activities
    • Activating / Deactivating an Activity
  • CLIENTS
    • Creating a Client
    • Activating / Deactivating a Client
    • Setting Default Client Rates
  • Time Tracking
    • Time Tracking
  • Timesheet
    • Daily Time Entry
    • Weekly Time Entry
    • Timesheet Views
      • Summary
      • Day by Day
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      • Live
  • Reports
    • Company Performance
    • Report of Finished Project
    • Workload
    • Business Reports
    • Project Expenses
    • Billing
  • Profitability
  • Your Company
    • Basic Overviews
    • Alerts
    • Overhead Costs
    • Fixed and Monthly Rate
    • Calculation of Overhead Cost per Worked Hour
    • Analysis Cost Allocation in projects
  • Settings
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    • Desktop Application
    • Company
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    • API
  • Applications
    • MacOS Application
    • Windows application
    • iOS Mobile Application
  • Integrations
    • Integration with Make
    • API
  • Subscription
    • Trial period
    • Switching to a Paid Account
    • Subscription Settings
    • Billing email adress
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  1. Projects

Project Expenses

PreviousNotesNextProject Expenses Report

Last updated 4 months ago

Project expenses are used to record external purchases associated with a project. These are usually subcontracted freelancers providing services at a predetermined price or various resales. A few examples include:

  • Renting a photo studio

  • Purchasing stock photos

  • External processing of part of the project by a subcontractor

  • Travel expenses related to the project

How to Add Project Expenses to an Existing Project

You can add project expenses while creating a project—this is described in detail in the article Creating a Project.

Open an existing running project—navigate to Cost Estimate, and in the Project Expenses section, click on Edit Project Expenses:

On the next page, you'll see a blank form for entering project expenses.

For illustration, we'll record the following items:

Name
Purchase Price
Selling Price

Copywriting

800

1,200

Travel Expenses

200

0

After filling it out, our form will look like this:

Here we can see that the total cost of the project is $1,000 while our revenue will be $1,200.

Always record all costs associated with the project—even if you are not billing them to the client, as in our example with travel expenses. This will give you more precise insights into your clients' profitability.

Edit project expenses
Project Expenses Form
Completed project expenses form