What is the Profitability Details report?

The Profitability Details report gives you a detailed breakdown of a project’s profitability by services and expenses. To review profitability between projects, you can run a Profitability Summary report instead.

 

The Profitability Details report is part of Project Profitability and is only available on Premium and Select plans.

 

You can run a Profitability Details report by doing the following:

1. Select the Reports section
2. Then select Profitability Details under Time Tracking and Project Reports
3. Use the Filters under Settings to choose a specific Client and/or Project to run the report for
4. Select Apply.

 

To adjust your view of the Profitability Details report, select Filters under Settings. From there, you can change:

• Reset all - Select this link to restore the filters back to the default settings
• As Of - Choose between Today, End of Last Month, End of Last Quarter, End of Last Year or Custom to enter a specific date range (or if you’ve changed your fiscal year end date, choose from the extra options)
• Limit To - Choose a Client, and if needed, the specific Project
• Currency - Toggle between multiple currencies, only one currency can be viewed at a time

Overview

The Profitability Details report is similar to the Project Profitability graph in calculating the below:

• Total Billed - All billed services and expenses on invoices (draft, sent, viewed and paid invoices and flat rate projects)
• Total Costs - Your team member’s costs by service (time tracked multiplied by cost rate) and by expense (billed, unbilled and non-billable expenses, not including markup)
• Profit - Calculated as (billed - cost)
• Profit Margin - Calculated as ((income - cost) / income) * 100%), displayed when margin is positive

Notes:

• Project Name - Selecting the project name takes you to the overview for that project
• Services - Selecting a service takes you to a Time Entry Details report filtered to the specific client and/or project for a detailed breakdown of those time entries
• Expenses - Select an expense takes you to an Expense report filtered to the specific date range and/or project for a detailed breakdown of those expenses

 

Additional options can also be accessed in the top right corner of the Profitability Details report:

• More Actions
  • Export for Excel - Download the report as a CSV file
  • Print - Print the report or save the report as a PDF using the print dialog
• Send... - Send the report to any specific email addresses