> ## Documentation Index
> Fetch the complete documentation index at: https://usepike.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Project finance

> Recognized revenue, invoicing, WIP, and profitability for a single project.

The **Finance → Overview** tab on a project is the same six cards as [workspace Finance Overview](/docs/finance/overview), scoped to this project: what it has **earned** (recognized) and what it has **billed** (invoiced), plus cost and profit.

![Project Finance](https://mintcdn.com/adjera/JKJpjxGbRDBANYrI/images/docs/project-finance.png?fit=max\&auto=format\&n=JKJpjxGbRDBANYrI\&q=85\&s=53bff83db8653113eb3c5db6b211f267)

Available to **admins** and **finance** users.

## Summary cards

| Card | Value | Meaning |
| - | - | - |
| **Recognized** | Sum of recognized revenue, all months | Revenue earned to date |
| **Invoiced** | Value of issued invoices (sent, paid, overdue) | Revenue billed to date |
| **WIP** | `max(0, recognized − invoiced)` | Earned, not yet billed (a work-in-progress asset) |
| **Deferred** | `max(0, invoiced − recognized)` | Billed ahead of delivery (a liability) |
| **Cost** | Labour + qualifying expenses | Cost of delivering the work |
| **Profit** | `recognized − cost` | Profit on earned revenue; margin is `profit ÷ recognized` |

WIP and Deferred are two sides of the same gap: a project shows one or the other in any period, never both.

Each project earns recognized revenue by one method (Time %, Worked, Worked - adjustment, or Manual). Set the method under **Finance → Settings**. A finance user can override any month's amount.

> **[Revenue recognition](/docs/finance/revenue-recognition)**
>
> Methods, monthly overrides, and how recognized feeds profit and WIP.

> **[Finance overview](/docs/finance/overview)**
>
> The same six cards rolled up across the workspace.

## Profitability

The **Profitability** card shows the project's earnings-to-cost ratio. Hover to expand the breakdown:

* Earnings (recognized revenue)
* Costs (labour and expenses)
* Profit (`earnings − cost`)

> **[Profitability](/docs/finance/profitability)**
>
> How cost is built, planned comparison, filters, and the cost breakdown.

## Budget usage

The **Budget usage** card shows two bars against the project's revenue budget, one for recognized and one for billed:

```
recognized usage = recognized ÷ revenue budget
billed usage     = invoiced ÷ revenue budget
```

A bar turns red when it passes 100%. When there is a gap, the current **WIP** or **Deferred** amount is shown below the bars.

## Financial chart

The chart plots the project over time, with a horizontal line at the total budget.

* **Earnings** (green) — cumulative recognized revenue
* **Costs** (red) — cumulative cost of delivery
* **Profit** (blue) — earnings minus cost

Toggle between:

* **Actual** — recognized revenue, logged cost, and invoices
* **Planned** — expected performance from scheduled resource allocations

## Monthly breakdown

The table below the chart shows one column per month with a running total, so you can see how each method and the invoicing line contribute period by period.

| Row | Shows |
| - | - |
| **Billed** | Invoiced value that month |
| **Time completion** | Time-percent computed value that month |
| **Worked** | Worked-revenue computed value that month |
| **Manual override** | Manual amount entered for that month (editable cell) |
| **Adjustment** | Worked − recognized, for Worked - adjustment projects |
| **Recognized revenue** | Entered amount, otherwise the method amount |
| **Unbilled / deferred** | Recognized − billed that month: positive when earned ahead of billing (WIP), negative when billed ahead (deferred) |
| **Completion (recognized)** | Cumulative recognized ÷ revenue budget |
| **Completion (billed)** | Cumulative billed ÷ revenue budget |

Hover the info icon on any row label for its definition. The rows shown depend on the project's recognition method.

**Recognized** for each month is the manual amount when entered, otherwise the project's chosen method. The **Unbilled / deferred** row totals to the same figure as the WIP or Deferred card.

> [!TIP]
>
> An empty Manual cell (—) falls back to the computed method. Entering `0`
> recognizes zero revenue for that month — a real override, not a blank.

## Invoicing

The **Invoicing** tab lists every invoice on the project with its number, title, status (Draft, Sent, Paid, Overdue), amount, and date. **+ Create Invoice** prefills the workspace, customer, and current project.

> **[Creating invoices](/docs/finance/invoicing#creating-new-invoices)**
>
> Create and manage invoices for the project.


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.