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Financial Performance

Know Exactly How Your Projects Are Performing

Every hour tracked and every expense logged feeds straight into Drum's financial reports. See project profitability, WIP, and cash flow in real time, then push invoices to Xero with a click.

Drum financial performance dashboard

Smart Project Pricing

Drag-and-drop interface to build project budgets by stage, allocating labour hours and expenses as you go.

Two-Way Xero Sync

Invoices, contacts, and payments flow between Drum and Xero automatically, so your books are always current.

Real-time WIP Tracking

Instantly calculate work-in-progress based on invoiced amounts, cost-to-complete estimates, and project budgets.

Project and Firm-Wide Reports

Run WIP, accounts receivable, project profitability, and utilisation reports whenever you need them.

From Budget to Invoice in Fewer Steps

Dynamic Project Budgeting

Assign labour, expenses, and overheads to individual project stages so you can see where every dollar goes.

Flexible Invoicing

Create project invoices using unbilled expenses or simple templates.

Expense Management

Generate Xero purchase orders or bills directly from project expenses.

Custom Markup

Apply your own markup percentages to project costs, whether it is subconsultant fees or disbursements.

See the Full Financial Picture

Accurate Project Costing

Track time and expenses against project stages for precise financial performance analysis.

Cash Flow Visibility

Spot unbilled time before it piles up, so you can invoice promptly and keep cash flowing.

Financial KPIs at a Glance

Track utilisation, project margins, and revenue per staff member so you always know where your firm stands.

One-Click Payroll Exports

Export approved timesheets into a payroll-ready format, cutting out manual re-entry.

Drums philosophy of being a 'single source of truth' has allowed us to manage project data simply and accurately. It has helped streamline our processes and reporting and should there be a missing piece of the puzzle, the team is efficient in responding to help bridge the gap. We have found Ben and the team to be accommodating in all regards and the switch to Drum has been rewarding.

Lauren Sutton

Accounts Manager, Projex Partners

See how Drum works for firms like yours

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FAQ

Frequently asked questions

Common questions from architects, engineers, and other built environment firms about how Drum handles project financials, Xero integration, and WIP reporting.

How does Drum help with project pricing?

Drum offers a user-friendly drag-and-drop interface for project pricing. You can allocate labour, expenses, and overheads to different project stages, ensuring accurate and competitive pricing.

Can Drum handle both time-based and fixed-price projects?

Absolutely! Drum is flexible enough to manage various pricing models, including time and materials, fixed price, or any combination thereof.

How does Drum's Xero integration work?

Drum offers seamless two-way integration with Xero. This means your financial data stays in sync across both platforms, eliminating double-entry and reducing errors.

Can Drum help track project profitability?

Yes, Drum provides real-time insights into project profitability. By allocating time and costs to invoices, you can easily monitor the financial performance of each project.

What kind of financial reports can I generate with Drum?

Drum offers a wide range of financial reports, including project WIP, accounts receivable, accounts payable, and various other financial KPIs. These reports can be easily customized and exported.

How does invoicing work in Drum?

Drum's smart invoicing system allows you to raise invoices against projects and capture the unbilled time and costs against them. This provides you with insights on the profitability of each of your invoices and helps you track unbilled time and costs. A single click is all it takes to integrate your Drum invoices with your Xero account.