In VOGSY, costs are any purchases a company makes, including purchasing materials and services, in order to complete a project.
Costs are part of a deliverable’s budget and are listed on the deliverable’s calculation card below the activities.
Costs added to deliverables with time and material are automatically added to a customer’s invoice. Costs added to a deliverable with fixed price are not invoiced because the costs should have been taken into account when agreeing upon the fixed price; however, costs are still tracked by VOGSY in order to keep the project’s budget accurate.
Costs, which is money that the company spends on a project, should not be confused with expenses, which is money that an employee spends on a project with the expectation of being reimbursed later.