# Project Costing Each project has multiple task associated with it. To track actual costing of a Project, primarily in terms of services, user has to create Time Log based on actual time spent on Project-Task. Following the steps on how you can track actual service cost against Project. #### Activity Type Activity Type is a master of service offered by your personnel. You can add new Activity type from: `Project > Activity Type > New` #### Activity Cost Activity Cost is a master where you can track billing and costing rate for each Employee, and for each Activity Type. <img alt="Activity Cost" class="screenshot" src="/docs/assets/img/articles/Screen Shot 2015-06-11 at 4.57.01 pm.png"> #### Time Log Based on Actual Time spent on the Project-Task, Employee will create a time log. <img alt="Time Log" class="screenshot" src="/docs/assets/img/articles/Screen Shot 2015-06-11 at 4.59.49 pm.png"> On selection of Activity Type in the Time Log, Billing and Costing Rate will fetched for that Employee from respective Activity Cost master. <img alt="[Time Log Costing" class="screenshot" src="/docs/assets/img/articles/Screen Shot 2015-06-11 at 5.00.06 pm.png"> Multiplying these rates with total no. of Hours in the Time Log gives Costing Amount and Billing Amount for the specific Time Log. #### Costing in Project and Task Based on total Time Logs created for a specific Task, its costing will be updated in the respective Task master. <img alt="Costing in Task" class="screenshot" src="/docs/assets/img/articles/Screen Shot 2015-06-11 at 5.02.54 pm.png"> Same way, Project master will have cost updated based on Time Log created against that Projects, and tasks associated with that Project. <img alt="Costing in Project" class="screenshot" src="/docs/assets/img/articles/Screen Shot 2015-06-11 at 5.02.29 pm.png"> <!-- markdown -->