The Project Financials: PCS Cost Centres view shows the revenue and expenses for each of the payment claim cost centres.
1. ACCESSING PCS COST CENTRES VIEW
1.1 To access the page, you may do either of the following:
1.1.1 From the Project Page, click View on the Forecast Tool tile.
1.1.2. From the navigation menu, go to Management > Reports > Forecast Report > Forecast Report or just type in 'Forecast Report' on the search bar located on the upper right corner of your portal.
1.2 Select a project from the dropdown menu and then click View Record.Note: This field is only visible outside projects. Inside the project, the Project Name is pre-populated.
1.3 Click Project Financials tab.
1.4. Select PCS Cost Centres from the dropdown options.
2. PAYMENT CLAIM COST CENTRES
2.1 Your financials are sorted by Payment Claim Cost Centres. The cost centres that appear on the list are the cost centres that are on your Project Breakdown.
2.2 Project Cost Centres allocated to Payment Claim Cost Centres in the Revenue tab reflect under the Payment Claim Cost Centre rows. Click here to learn how to allocate Costs against Revenue.
3. CONTRACT PRICE AND CURRENT REVENUE
3.1 The Contract Price column displays the Price stated on the PCS - Project Breakdown.
3.2 The Current Revenue column is the total payment claims submitted for each cost centre. The total Payment Claim revenues is displayed at the bottom of the column.
3.3 Click the amount to see the breakdown of the submitted payment claims.
4.1 Total Costs are displayed on the Payment Claim Cost Centre rows.
4.2 Click on the underlined amounts to view their breakdown.
4.3 The Expenses column are from the Expense Form submissions which you have allocated to your payment claim cost centres.
4.4 The Labour column are from the Timesheet Form submissions which you have allocated to your payment claim cost centres.
4.5 The Project Overheads column are from the amount you set on your Forecast - Project Overheads which you have allocated to your payment claim cost centres.
5. FORECASTED CONTRACT PROFIT AND FORECASTED CURRENT PROFIT
5.1 Forecasted Profit is calculated by subtracting your Costs (Expense, Labour, Overhead) from your Revenue. Click on the amounts to see the calculation.
5.2 To view your profit in percentage of your revenue, click on the arrows and select Margin.
6. UNALLOCATED COST CENTRES
6.1 Costs for unallocated cost centres fall under the Unallocated Cost Centre row.
6.2 Clicking the Unallocated Cost Centre link will redirect you to the Revenue tab where you can allocate them properly.
6.3 Costs submitted without Cost Centres fall under the column with a blank Cost Centre Name.