Project tags let you group income and expenses around a specific thing you want to measure (a piece of equipment, a building project, a one-off job, or an event). Apply the same project tag to every related transaction, and Ambrook adds up the full picture so you can measure the ROI of any project or practice.
Unlike Enterprise tags (which track an ongoing line of business) or Location tags (which track a place), project tags work best for a discrete effort with a start and end — or a single asset you want to follow over its life.
Projects are flexible to whatever you want to track. Common examples include:
Equipment like a tractor, skid loader, or truck.
Building projects, shop remodels, or new construction.
Irrigation pivots, fencing, or field improvements.
Contractor or service jobs.
Trucking routes.
Events like a farm show, expo, or sale.
Setting up your project tags
You can create and manage your projects by going to Settings -> Projects.
Go to Settings -> Projects.
Click Add to create a new project and give it a name.
Optionally nest a project under a Parent Project to group related efforts — a Parent Project is not required.
To apply a tag, open any transaction in the Ledger and add the project tag, the same way you add a category or location.
Splitting & Analyzing with Metrics
Add a metric to a project to measure performance per unit. For example, track engine hours on a piece of equipment to find your true cost per hour, then decide whether it’s time to repair or trade it. Add a metric by clicking the pencil next to a project and clicking New Metric. Learn more about using metrics here.
With projects, you can:
See the all-in cost of a building project or remodel.
Compare the profitability of one job against another.
Track cost per hour on equipment to time repairs and trades.
Total up the spend on an event before deciding to run it again.