New Feature: Profitability Report

Rolled out earlier this week to customers, the new Profitability Report does exactly what it’s name would have you expect, it lets you check the profitability of your projects.

Where is it?

You’ll find a link to the profitability report on the Project Details Page of a project, there’s a link to “View Report” top right of the page in amongst the other reports.

The Profitability Report link on the project details page

The Actual Report

There are two views to the “Project Profitability Calculator”, one as a list of staff and one as a list of the tasks, on each view you assign an hourly rate cost to the item and an hourly rate chargeout to the item (whether it be the task or the staff member).

The system works out your actual labour cost by multiplaying your hourly rate cost & chargout by the amount of time tracked, then tells you the difference.

Example Profitability Report

Though currently quite basic, we plan to expand the profitability reporting throughout the system.

Tags: details, profitability, project, proworkflow, report