How do I setup profitability tracking?

Profitability tracking is simply comparing project costs with budget allocation.

The project cost is computed by adding employee hours in employee timesheets and expenses incurred.

Employee hours are calculated by multiplying their timesheet hours against their hourly pay rates. These are taken as project costs and help in computing the profit percentage.

The project budget is the budget plus change orders (if any).

During project creation, an expected profit margin should be entered. This percentage is used to decide if the project is meeting profitability targets or failing. Failing projects are indicated in red and project managers get them as alerts on the Monday motivator.

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