Tracking of costs

[Nathalie]

I am currently putting in place Ms project in my company.
We are working on construction projects. I would like to put the costs for
the different phases. I have a general question.
Do you track project cash flows or accounts movements? I think it makes more
sense to know that we have an invoice to pay than to know the cash flow
because it is more a cash problem than a project perspective issue.

thanks for your help.
Nathalie

 

[Mike Glen]

Hi Nathalie,

Welcome to this Microsoft Project newsgroup

Project's prime purpose is to produce a set of dates for tasks and tell you
what is possible with the data you've entered. It is primarily a
schedueling program. It dabbles a bit with fairly crude costs in that if
you enter resources and their cost per hour it will calculate the totals,
but they're all estimates to give the project manager an indication of the
costs involved. It is definitely not an accounting program and you would do
better cooking the books with Excel or a suitable accounting package to give
you cash flows and the like. (You can tell I'm not an accountant!)

FAQs, companion products and other useful Project information can be seen at
this web address: http://project.mvps.org/faqs.htm

Hope this helps - please let us know how you get on

Mike Glen
MS Project MVP
See http://tinyurl.com/2xbhc for my free Project Tutorials