Menu > Reports > Financial Reports > Project Profit and Loss (Detail View)
Shows profitability for a specific Project with breakdowns by GL Account and may include Overhead Allocation.
How it works
The Profitability By Project report is different from the Company Profitability reports in that it includes an overhead allocation from the GL. It is based upon posted GL transactions and is not intended to tie to the budget analysis reports which are based upon actual transactions. The overhead allocation includes any transactions entered against expense accounts that are not associated with a client. Any entry tied to a client specified as an overhead client will be included in the overhead calculation and these clients will not show up in the profitability reporting. The percentage of overhead can be allocated using one of four methods.
- Labor Hours - This is the total approved hours on time sheets charged to the client or project divided by the total approved hours for the date range.
- Labor Cost - This is the total approved hours * standard cost charged to the client or project divided by the total approved hours * standard cost for the date range.
- Total Billing - This is the total of all revenue posted for the client divided by the all revenue in the date range
- No Allocation - This would still show the standard labor costs and inside costs, but would not have a bottom overhead number.