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.
You can run a Profitability Details report by doing the following:
- Select the Reports section
- Then select Profitability Details under Time Tracking and Project Reports
- Use the Filters under Settings to choose a specific Client and/or Project to run the report for
- 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:
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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