Profitability Report

The Profitability report includes data on revenue, cost, and profit, allowing you to see how much your company earns and how to correctly adjust rates and resources for future growth. The report displays data in a table organized by project, revenue, cost, and profit.

Note: At present, only projects using the workspace currency are included in the calculations.

Time Range

You can set a custom time range using the date picker in the top-right corner of the report. The report data will then be displayed according to the selected date or date range.

Columns

The Profitability report includes the following columns:

• Project - the project for which the data is collected and organized.
• Revenue - total revenue (billable hours x billable rates) + billable expenses for the selected period of time.
• Cost - total expenses (time tracked x cost rates) + expenses (billable and nonbillable) for the selected period of time.
• Profit - the overall profit of a project for the selected time period. This value is calculated using the formula: Profit = Revenue – Cost
• Profit Bar - shows the relative profit for each project.
• Profitability (Profit) % - shows what portion of revenue becomes profit, expressed as a percentage. It’s calculated as: Profit/Revenue × 100

Note: If you have Fixed Fee projects in the workspace, some calculations may be inaccurate in the report if the Start and End Dates for these projects are not set.

Once the report is generated, you can assess project effectiveness, quickly identify unprofitable areas, and make decisions to improve financial performance and allocate resources more efficiently.