What the report shows
The profitability report brings together tracked time, invoices, payments and expenses for each project or client. That gives project profitability and client profitability in one table.
| Column | Meaning |
|---|---|
| Billable value | Billable hours at their bill rates |
| Not yet invoiced | Billable value that isn’t on an invoice yet |
| Invoiced and Collected | What you’ve billed, and what clients have paid |
| Expenses | Project expenses logged against the work |
| Labour cost | Hours at each person’s cost rate |
| Profit and Effective rate | Invoiced minus expenses and labour cost, and invoiced ÷ all hours worked |