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Ripple - Manage Profit and Loss by Project

How to use Ripple's Project feature to manage purchases, sales, and profits.

Written by Yo Fukuda
Updated this week

Overview

This feature links Ripple's Billing Groups to internally managed projects, allowing you to track purchases, sales, and profits.


Definitions

Term

Description

Purchases

The billed amount from AWS. Covers the usage portion only — Fees, Refunds, Credits, and Taxes are not included.

Sales

The amount from the billing data issued by Ripple. If Fees, Refunds, or Credits are included in the invoice via the Adjusting Entries page, those amounts will also be included.

Profit

The amount obtained by subtracting Purchases from Sales.

Note: Purchases will include Fees, Credits, and Refunds if they are included in the Billing Group.


Step 1: Create a Project

  1. From the left menu, click ProjectV2(BETA) > Project.

  2. Click the +Create Project button in the top right corner and enter the following information:

Field

Description

Project Code

The project code managed within your company.

Note: Cannot be edited after creation.

Project Label

The project name or description.

Step 2: Link a Billing Group to a Project

  1. From the left menu, click Account/Group > Billing Groups.

  2. Click ... next to the relevant Billing Group and select Edit Billing Group.

  3. In the Project Code field, select an existing project or create a new one using the +Create Project button.

Note:

  • Projects created from this screen will also appear under Project > Project in the left menu.

  • For months where invoices have already been created, you will need to recreate the invoice after setting the project for the changes to be reflected.


Need More Help?

If any errors occur during the process or if you have any questions, please reach out to us:

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