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Projects & Finance

Plan availability: project features (project tracking, timesheets, project budgets, profitability) depend on your subscription. If you don't see the Projects section, or a project report appears locked, your plan may not include those features — see Subscriptions & billing, or ask your workspace owner.

SolaProjects and SolaBooks share one workspace. This page covers the finance side of projects: how project costs and revenue flow into your books, how logged time becomes billable, and where to see whether a job made money. For project management itself (tasks, members, scheduling) see the SolaProjects documentation.

How it works, end to end

  1. A project exists in your workspace, connected to a customer.
  2. You tag documents to the project. An invoice line, bill, expense, mileage claim, or journal line can carry a project — much like a dimension. Tagged revenue and cost roll up into that project's totals; untagged amounts sit in general overhead and never appear in project results.
  3. The team logs time. Hours are logged against the project, optionally billable at a rate — see Timesheets. Approved billable time can be pulled straight onto an invoice.
  4. A budget keeps the job honest. Set a project budget and the Project Budget Control view compares it live against actual cost and revenue — see Budgets.
  5. Profitability shows the result. The project's Profitability view is a live per-project P&L: revenue billed, costs incurred (bills, expenses, mileage, time at cost rates), and the margin — see Project profitability.
Project activity Finance effect
Time logged on the project Becomes billable time, surfaced for invoicing; counts as cost at the person's cost rate
Bills / expenses / mileage tagged to the project Counted as project cost
Invoices tagged to the project Counted as project revenue
Project budget Compared live against actual cost and revenue

Tagging documents to a project

  • Pick the project on the document (or per line, where lines can differ). Make tagging a team habit — reports only see what's tagged.
  • Tag before posting where possible: posted documents lock their accounting fields.
  • Non-billable work still matters — it counts as project cost even though it produces no revenue.

Billing project work

  • Time and materials: pull approved, not-yet-invoiced time entries onto an invoice; each becomes a line with its hours and rate, and is marked Invoiced so it can't be billed twice.
  • Fixed price: invoice normally and tag the invoice to the project — revenue rolls up the same way.
  • Reimbursable expenses: tag the expense to the project, then add it to the customer's invoice.

Project finance reports

The Projects & Timesheet group under Reports includes a per-project summary, cost and revenue summaries across projects, timesheet details and timesheet profitability, and the Project Budget Control Report. If a report appears locked, that feature isn't on your plan.

Behaviour and rules

  • Tagging drives everything. A cost or revenue line only appears in a project's totals if it carries that project.
  • Posted documents only. Drafts are excluded from profitability and budget-vs-actual.
  • Billing is deliberate. Approved time becomes an invoice only when someone pulls it onto one — nothing auto-bills. Review drafts before posting.

Common problems

  • "The project shows no revenue but we delivered the work." Revenue means billed and posted. Raise the invoice, tag it to the project, and post it.
  • "Costs look too low." Untagged bills, expenses, or time. Check recent documents for missing project tags.
  • "I can't see project features at all." They depend on your plan — and some also need to be switched on for your organization. Ask your workspace owner or administrator.

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