Figure Your Real Profit Margins with Custom Columns

Real Profit Margins with Custom Columns

Sometimes, Web TimeSheet’s standard report/export fields don’t account for the exact information you need for viewing profitability. At Replicon, we took care to include fields that are standard across most industries. However, only you can define formulas that are specific to the way you do business. For example, the calculation you use to determine your gross profit margin might be different than the calculation used at another company.

In Web TimeSheet reports, you make your own rules. With the Custom Columns feature, you can define a field that includes the formula of your choice. These are fairly simple to create and there is a help section to walk you through it. You can use numeric, text, and date operators and functions to see exactly what’s going on with any aspect of your projects.

customcolumns

Once you create a formula, you can make it part of any of your predefined Web TimeSheet reports. The calculation can be integrated so that it is performed automatically – you don’t have to add the custom column again every time you run that particular report. On the other hand, you don’t have to apply the customized field to every version of a report if you just need to use the function for a one-time look at some project details.

The Custom Column feature is available in Web TimeSheet version 8.7 and higher. Are you currently using an older version of Web TimeSheet software that is installed on your local server? Consider switching to our Software-as-a-Service (SaaS) version so we can always ensure that you are being given the latest upgrades. All maintenance and updates are provided free of charge as part of our Software as a Service model. Give our SaaS version a try with a free trial.

What formulas are you planning to use with our Custom Columns feature? Let us know in the comments. Stay up to date with the latest developments by following our Twitter feed and keep connected with us on LinkedIn.

 

Scott Bales
ABOUT THE AUTHOR
Scott Bales
Scott is the Senior Director of Customer Success at Replicon. Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
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