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The feature is currently in BETA state in Clockwork Pro. |
Get the an overview of revenue and costs as you're running your projects to have better insights into which of them are profitable and how much to charge the customer.
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To be able to define and see costs & rates, a user needs to be in a group that has the “Clockwork Bugdeting Budgeting Access (BETA)” global permission. Only users with this permission have access to Clockwork costs and rates and costs and revenue reports.
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Costs help you to monitor your project’s spent spend against the price or budget of the project. Costs are internal and are associated with the user’s salary (labor costs).
Rates help you understand how much revenue you should put on the customer invoice on projects that are time and material. Rates are associated with the user’s charge out rate. Even with fixed price projects, understanding the actual revenue the project should be making can help you in defining your future margins.
Setting up costs & rates
To set up the currency displayed in your reports:
Navigate to Settings → Budgeting
Select the currency
Click on Save
To define the hourly cost or rate for a given user, visit the Users page . To get there, select Apps from the top navigation bar > Clockwork, then on the left panel, select Usersin the left panel.
There, you can add and edit user configurations like this:
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