Fundamental data for financial plans

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In order for InLoox to calculate the project financial plans, you need to define the following datasets in the project:

  • For planned expenses: Tasks need an effort estimate. So you enter the estimated effort in days, hours, minutes. This effort is the basis for creating a planned expense entry.
  • For tracked expenses: The project needs tracked work effort. The feedback about spent working time is the basis for the calculation of the tracked expense plans.

You also need to enter the following data in the InLoox account settings:

  • Define groups: The group with purchase and sales price is the basis for the calculation of planned and tracked expenses and benefits. You create these groups in the InLoox settings under Organization >> General >> Groups.
  • Permission to edit own time tracking entries: In order for you and your team to be able to record your working hours in your project and you need the Edit own time permission. You can give this permission to individuals either globally or via the project role. To learn how to do this, please refer to the help articles on InLoox permissions.

IMPORTANT By default, InLoox picks the group that is at the top of the list. If you want to change the group in the financial entry, edit this field by double-clicking it.