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      How does the Profitability Details Report work?

      The Profitability Details Report gives you a detailed breakdown of a Project’s profitability by Services and Expenses. To see profitability between Projects, you can run a Profitability Summary Report instead.

       

      The Profitability Details Report is available on Premium and Select plans only.

       

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

      1. Go to the Reports section
      2. Click on 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. Click Apply.

       

      To adjust your view of the Profitability Details Report, click on Filters under Settings. From there, you can change:

      Profitability details report with filters selected.

      • Reset all - Click on 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


      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 - Clicking on the Project Name takes you to the overview for that Project
      • Services - Clicking on 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 - Clicking on an Expense takes you to an Expense Report filtered to the specific date range and/or Project for a detailed breakdown of those Expenses

       

      Clicking More Actions in the top right will give you the option to Export for Excel, or Print your Report.

       

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