How to set up hourly rates and generate profitability charts
If you want to track profitability of your projects, you need to set up hourly rates.
To do so, just follow steps below:
- Go to the General Settings page
- Fill in Bill Rates for each member you need to take into account. (Bill rate is an hour rate that you bill for your services)
- Fill in Pay Rates for each member you need to take into account. (Pay rate is an hour rate that you pay to your team members/co-workers and may include fees, taxes, office cost, etc. for more accurate result)
- Click the save button.
After that you will see doughnut charts on the Dashboard page for any ongoing project