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It’s always been challenging to track profit margins for projects because the internal cost associated with resources change. Over time, people get raises, their expense to your business increases, and that affects profits. Resource Hero allows you to track your resources’ internal costs over time to calculate profit and expenses like you never could before.
Cost rates will be applied to all Resource Forecast records based on the Effective Date of the Resource Rate and the Forecast Date of the Resource Forecast record.
Forecast Cost and Actual Cost are calculated for each Resource Forecast and are rolled up / aggregated to both the Resource Assignment and the parent related record (Opportunity, Project, etc). Reports can also be generated to compare actuals amount vs cost company-wide:
From the Resources tab, click the New button on the Resource Rates related list
Enter the Effective Date, Cost Rate, then click Save
All rates for a resource will be displayed in the Resource Rates related list: