In addition to tracking a project’s cost, you can track a project’s revenue. Financial Manager considers only the hours logged to a project as revenue. Tracking revenue also lets you discover a project’s profitability when you compare the revenue with the actual costs.
The revenue is calculated by multiplying the number of hours logged by a Billing Rate:
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If there are hours logged in the Billable hours field in Tempo Timesheets worklogs, the Billing Rate is applied only to these hours.
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If there are no hours logged specifically as Billable, the Billing Rate is applied to all hours logged to a project.
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Hours logged as Billable to Internal Issues (such as vacation or sick time) are not included in the project’s revenue calculation.
To track revenue:
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Click Configuration in the upper-right.
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Select Roles & Rates on the left.
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On the Team Rates page, turn on Revenue Tracking.
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Set an Hourly Billing Rate as the default rate to use for all team members who have logged time to the project (Billable or not).
Optionally, set a Billing Rate for an individual team member who has logged time to the project.
You can view the project's revenue information on the Scope and Overview tabs:
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In the project Scope, you can see the number of Billable hours and the Revenue. Compare Billable hours vs Time Spent.
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In the Overview, you can see the Revenue. Compare it with the Cost to see the project’s profitability.