Release 3.7 Overview

1. Release 3.7 Overview • Vendor Invoicing • Daily Billing • Allocated Revenue • Configuration Changes 28 September, 2006 Conference bridge: (319) 256-0510, access code 639-396-237

2. Vendor Invoicing Version 3.6 Version 3.7 Expense Reports Expense Reports Cost Entry Vendor Invoices Cost Entry Cost Entry Scenario • Resource needs to be reimbursed (e.g., out-of-pocket expenses for meals) • Company paid for costs directly (e.g., airline tickets paid for by corporate AmEx) • No explicit costs were incurred (e.g., charge of 10¢ per photocopy to offset Xerox service plan) • Only certain costs need to be entered into Projector: • If costs should impact project profitability • If costs need to be billed out to clients • New vendor invoicing module permits: • Entry of vendors under Administration > Job Accounting • Entry vendor invoices under Time and Expense > Vendor Invoices • Vendor invoices create accounting transactions similar to expense reports: • Accounts payable transactions to get vendors paid • General ledger transactions to route revenue, expenses, and WIP properly

3. Daily Billing • Allows organizations to bill customers on a per-hour or per-day basis • Wherever hourly rates were managed, daily rates and hours per day can also be managed: • Rate cards • Titles • Role-based rate overrides • Invoices are configured to bill either per hour or per day and inherit this setting from: • Clients • Engagements • Invoices configured to bill per day act like hourly invoices except: • A new Adjust for Daily Billing adjustment is available • Rendered invoices show days and daily rates instead of hours and hourly rates

4. Daily Billing Adjustment • Can be executed on one or multiple time cards at once • When executed on multiple time cards, Projector: • Groups time cards by unique date and resource (and ignores task, role, and project) • Adjusts billed days to reflect a whole day or fraction of a day based on what the user specifies • Writes up or down the billing adjusted revenue of the cards based on billed days and daily rates

5. Allocated Revenue • Used to represent revenue managed in and billed from other systems such as product, subscription, maintenance revenue • Can be imported into Projector to allow for profitability analysis • For analytical reporting purposes only: • Affects system revenue, which is used for profitability calculations • Can be allocated to non-billable projects • Does not create any accounting transactions • Revenue is fed in through web service and allocated over existing time cards

6. Configuration Changes • Configuration • Vendors: vendors need to be created • Rates: daily rates calculated from hourly rates based on 8 hours/day • Clients, engagements: daily billing clients/engagements need to be identified • Permissions • Vendor invoicing permission

7. Contact Information • Projector PSA, Inc.19 Crosby Drive, Suite 150Bedford, MA  01730 http://www.projectorpsa.com • Steve Chong, Product ManagerSteve@ProjectorPSA.com(617) 431-4114 • Larry Krakauer, PresidentLarry@ProjectorPSA.com(617) 431-4112 • Release notes: http://www.projectorpsa.com/release_notes.htm