The Economy report will show you the balance between labor costs and earnings (a billable amount) for a specific client, project, task, or team member.
It is possible to set any date range for viewing your data and filter the report by multiple parameters.
You will be able to break down your profit and loss by clients and projects and compare the budgeted amount with the actual results.
How to calculate labor cost?
Labor cost shows how much compensation your team members get for their work.
To get the labor cost calculated, first you need to set the hourly rates by which you pay your team members. The rates can be input on their profiles in the Team members tab.
Inputting their hourly rate will enable you to calculate labor costs and see the financial balance in the Economy report.