Profit Report

The Profit Report is a standard report that displays the approved hours, approved billable hours, billable amount, cost amount, average bill rate, and profit for the specified date range.

• The report is driven by any approved billable hours against a ticket, task, issue, or any time entered via the Time and Expense application.
• Time will need to have been entered, submitted as final, then approved to be included in this report.

Viewing the Profit Report

To view this report:

1. In the Work Management Toolbar, click View Applications.
2. Click the Analysis application tile.
3. Under the Standard Reports section of the navigation menu, click Profit Report.

By default, the report groups info by Month. To change the grouping to Projects | Tickets:

1. In the Profit Report Toolbar, click Filter.
2. Click the Group By > Projects | Tickets.
3. Click Apply.

Calculations

Here are the calculations the Profit Report makes:

• Billable Amount = (Average Bill Rate) x (Approved Billable Hours)
• Profit = (Billable Amount) - (Cost Amount)