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What is the Profitability Summary report?

The Profitability Summary report allows you to review which projects are more profitable than others by comparing the planned and real costs related to your projects.

 

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

 

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

  1. Select the Reports section
  2. Then select Profitability Summary under Time Tracking and Project Reports.

 

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

Profitability summary report with filters.

  • Reset all - Select this link to restore the filters back to the default settings
  • As Of - Choose between Today (all links are selectable), 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)
  • Group By - Choose between Client or Project
  • Limit To:
    • Clients - Choose between All Clients, or a specific client
    • Project - Filter to a specific project if needed
  • Currency - Toggle between multiple currencies, only one currency can be viewed at a time

 

Overview

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

  • Unbilled - All unbilled Income, time entries and expenses associated to the project
  • Billed - All billed income (draft, sent, viewed and paid invoices and flat rate projects)
  • Costs - Your team member’s costs (time tracked multiplied by cost rate) and expense costs (billed, unbilled and non-billable expenses, not including markup)
  • Profit - Calculated as (billed - cost)
  • Profit Margin - Calculated as ((income - cost) / income) * 100%), displayed if the Billed column is filled out


Notes:

  • Client - Selecting the client takes you to their client profile
  • Project Name - Selecting the project takes you to a filtered Profitability Details report to review the breakdown of the costs by services and expenses

 

Additional options can also be accessed in the top right corner of the Profitability Summary 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

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