How to calculate Project revenue using Web TimeSheet?
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In business, Revenues/Revenue is income that a company receives from its normal business activities, usually from the sale of Goods/Materials/Services to customers.
Example: In United Kingdom, revenue is referred to as turnover i.e.., Sales – Cost of production = Revenue.
Unlike in the above mentioned example a Project Revenue can be calculated on Web TimeSheet using custom formula below:
Sum for all project team members of (Hourly Cost*Total Hours)
If you are including expenses in the calculation, it would look like:
Sum for all project team members of (Hourly Cost * Total Hours) + Expense Amount