How to add a condition based formula in the custom column of a report?
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The If Statement can be used as a function in Web TimeSheet custom columns,
If (cond, true, false)
Using this function the following formula can be used to achieve the required output in the report.
If (FullTaskName = "<project name> / <task name>", TotalHours * 3.75, 0)
This condition multiplies the $3.75 with the Total Hours that is recorded only against the given specific task name.