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Cost Tracking

Capture project costs in real time from timesheets, vendor bills, expenses, and manual entries.

Accessing Cost Tracking​

Navigate to Project > Cost Management > Cost Entries

Cost Sources​

The module captures costs automatically from multiple Odoo sources:

SourceHow It Works
TimesheetsEmployee hours x hourly cost rate = labour cost
Vendor BillsBills linked to the project analytic account
ExpensesEmployee expense reports assigned to the project
Manual EntriesDirect cost entries for items not captured above

Adding a Manual Cost Entry​

  1. Click Create
  2. Fill in the details:
FieldDescription
ProjectSelect the project
Cost CategoryLabour, Materials, Software, Travel, etc.
DescriptionBrief note about the cost
AmountCost amount
DateDate the cost was incurred
EmployeeOptional: who incurred the cost
VendorOptional: external vendor
  1. Click Save

Cost Code Mapping​

Map cost entries to specific cost codes for granular tracking:

  1. Go to Cost Management > Configuration > Cost Codes
  2. Define codes like LAB-001 (Senior Developer), MAT-002 (Server Hosting), etc.
  3. Assign cost codes when creating entries or let them auto-map from analytic accounts

Real-Time Cost Dashboard​

The cost tracking dashboard shows:

  • Total spent vs total budget (progress bar)
  • Cost breakdown by category (pie chart)
  • Burn rate: average daily/weekly spend
  • Projected total: estimated final cost at current rate
tip

Use the burn rate indicator to detect projects that are spending faster than planned. A high burn rate early in a project is a leading indicator of budget overruns.

Filtering and Grouping​

Cost entries can be filtered and grouped by:

  • Project: view costs for a single project
  • Cost Category: compare spending across categories
  • Date Range: daily, weekly, monthly, or custom
  • Employee: track individual cost contributions
  • Vendor: see external spending by vendor

Linking to Odoo Accounting​

Cost entries automatically sync with Odoo Accounting via analytic accounts:

  1. Ensure each project has an analytic account assigned
  2. Vendor bills and timesheets linked to that account flow into cost tracking
  3. No duplicate data entry required

Need Help?​

Contact SDLC Corp at sdlccorp.com/contact-us