video1.0<iframe src="https://www.loom.com/embed/9475dc71422d4c85a53b2b9d6f84bfcf" frameborder="0" width="1548" height="1161" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>11611548Loomhttps://www.loom.com11611548https://cdn.loom.com/sessions/thumbnails/9475dc71422d4c85a53b2b9d6f84bfcf-7a125bf7d1c63d6c.gif471.561In this video, I walk you through the budget tab within a project, focusing on key elements like contract value, revenue, costs, commissions, service tax, gross profit, and gross margin. I explain how these figures are derived from signed agreements and how they can fluctuate based on project activities. I also highlight the importance of tracking variances between planned and actual costs, as well as how to manage commission profiles. Additionally, I demonstrate how to send cost line items to QuickBooks for better financial management. Please make sure to review your project’s budget regularly and keep your entries updated.