In 4PM, we manage project finances by entering revenues and costs and monitoring cash flow by project. By regularly entering hours and assigning hourly rates to individual employees, the financial module automatically calculates labor costs for the selected period and by project/phase. We manually enter revenues and other expenses, where we can enter items from received invoices (recipient, issuer, phase, type of cost, value, co-financing share, payment deadline, etc.).
Additionally, we can assign a budget and co-financing share to each project. In line with project implementation, using pivot tables and graphical displays, we can track realization, differences between recorded and realized costs, available funds, and other accounting items. Tables can be exported at any time in XML format and used to create custom reports.