Within Teamwork, you track the overall cost, billable
total, and profit for individual projects.
Note: Project profitability is available on per-user Grow/Premium subscriptions and above.
Only owner company site administrators can view project profitability via the Budgets area.
Project
profitability is
calculated as follows:
Profitability = billable revenue generated - (billable
time costs + non-billable time)
Go to the Finance tab of
a project and select
the Budgets subsection.
Project
profitability will be
displayed to the right of the Budgets area and will detail:
- Project
name
- Total cost
- the sum of all
users' cost rates
multiplied by the total
amount of time they have
logged on the project in
the current date
range.
- Billable total
- the sum of all
users' billable rates
multiplied by the total
amount of billable time
they have logged on the
project in the current
date
range.
- Profit - the
billable total minus the
total cost gives project
profitability for the
current date
range.
You
can amend
the date range shown by using the date range picker in the upper right corner of the
project profitability section.
The date range can be filtered by week,
month, quarter or custom date range. The
custom date range will display a calendar
date picker for you to select your own
date range.
You can also use the toggle beside the date picker to view the project
profitably based on percentage or currency value.
Accounts on Scale subscriptions will
have an additional option to View
profitability report which will
bring you directly to the site-level profitability
report.
Note: This report is available to owner company site administrators only.
For more information,
see: Working with the Budgets Area of a Project