With the January 2026 big update to Nexus, several new item fields and item columns are available. This help article is designed to familiarize you with the new columns and outline the functionality available with the new items.
New Columns:
The new Columns for Items are designed to help you better organize and customize your view of items on your projects. The available Columns are General, Workflow, Time/Progress, Cost, Financial, and Forecast:
Within these Columns are different Item Fields. You can choose which Item Fields you want to view by clicking on "Columns" and selecting or de-selecting the Fields you wish to view. You can also re-order Fields within Columns by clicking to the left of a field and dragging:
The new Item fields that we have added to these Columns are as follows.
Cost Rate and Rate are now separate Fields in separate sections. Cost Rate is located in the "Cost" Column and refers to the internal or base rate of the item or task ie what that is going to cost your company. The Rate field is located in the "Financial" Column and refers to the charge out rate i.e. what you are going to charge your client for this item/task.
In the same Column you can find Cost to Date $ and Est Cost $ - these fields indicate the Time Spent against the Cost Rate $, and the total planned Cost for an item, respectively.
Both the Financial and the Forecast Columns now include a Budget field:
In the Financial Column the "Budget $" field refers to the total Budget amount ie what you have Budgeted for your Client to be paying for - depending on the type of item and the type of rate associated to it, this will either be a calculation based on time allocated x rate or quantity x sale price. This field is pre-tax.
In the Forecast Column the "Budget +/-" field refers to the predicted Budget total and indicates whether or not your project is on track to be over, under, or at the amount budgeted in the Financial section.
Also in the Financial section is the Billable $ field, which indicates the amount that you can bill your client for. The calculation for this field depends on the choices you make in the Financial tab ie are you billing via Fixed Fee, Time & Materials, Billable Phases/Milestones, or Set Rates (Fixed or Allocated). Based on this, the Billable $ field is used to set or calculate the billable amount. For more information on the Financial tab, please see this article INSERT LINK HERE. The Billable $ (+ Tax) indicates your billable total plus tax (if any).