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Reading your budget roll-ups

Understand the budgeted, committed, invoiced, and collected columns — plus profit and margin — that summarize the money on every project.

Every project budget rolls a line item's money up through the same set of columns. The same totals also feed your home dashboard tiles and the project's own summary, so once you can read them on the budget you can read them everywhere.

The four money milestones

Read these left to right — they track a dollar from plan to bank:

  1. Budgeted Cost — what you planned to spend on the line. (Same value as Extended Cost.)
  2. Committed — dollars locked in through vendor orders, such as POs and subcontracts, against the line.
  3. Invoiced — the amount you've billed the client against the line so far.
  4. Collected — client payments actually received against the line.

Note

Receivable is the gap between billing and cash: Invoiced minus Collected — what the client still owes.

Profit and margin

  • Profit — Extended Price minus Extended Cost: the planned profit dollars on a line.
  • Margin % — profit as a percent of price.
  • Projected Profit / Projected Margin % — the profit and margin you're actually tracking toward, based on projected cost rather than the original estimate.

At the company level these same names roll up across all projects — Budgeted Cost, Committed Cost, Invoiced, Collected, Profit, and a blended Margin % — which is exactly what the budget-metrics tiles on your home dashboards aggregate.

See the columns on a budget

  1. Open Projects and choose a project, then open its Budget.
  2. Each line shows these columns; group and section rows sum them. For how to turn columns on or off, see the Budget guides.

Note

For a full walkthrough of how a budget moves from estimate to committed, actual, and invoiced, read Budget overview in the Budget section.

No canned WIP report

Foreman doesn't ship a fixed Work-in-Progress report or a query builder. Instead, these roll-up totals are live everywhere — on the budget, on the project summary, and as dashboard tiles you compose yourself. To build a profitability view across projects, add a budget-metrics chart or list tile on a home dashboard (see Home dashboards) and group by project.