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 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.