Adding a new financial year

Adding a new financial year is nice and easy to do from the admin settings of your Projectworks environment.

When a new financial year is approaching it's important to add the one coming as it feeds into your:

  • 12-month revenue forecasts
  • People costs
  • People's capacity

The process only takes a few minutes and we've broken the steps down for you via the video below:

[1m:40s]

How to work out the number of working hours in your financial year

There are a number of ways you may choose to calculate the number of working hours in a period. The method we see the most often is as follows:

  1. Calculate the number of working days (which excludes public holidays)
  2. Deduct the number of leave days (holiday and sick) people are entitled to
  3. Multiply the number of days by the standard hours per day that are worked