How can I track project and task costs in Worktivity?

Worktivity allows managers to track how much time is spent on each project and task and automatically calculate employee costs, task costs, and total project costs. By entering each employee’s hourly rate and optionally bill rate, you can generate precise financial insights for projects.

How It Works
 

• Employee Rates: Enter each employee’s hourly rate and optional bill rate in the Employees screen. You can check here how to enter the hourly rate.

• Time Tracking Integration: Worktivity automatically logs time spent on each task and project.

• Cost Calculation: Based on tracked time and rates, the system calculates:

  • Employee cost per task

  • Task cost

  • Total project cost

• Custom Date Ranges: Generate reports for any desired day, week, month, or custom date range.
   

Benefits
 

• Accurate Cost Tracking: Understand the real cost of tasks and projects for better budgeting.

• Employee-Level Insights: See which employee contributed how much time and cost to a project.

• Project-Level Insights: Track total cost per project and per task to identify high-expense areas.

• Data-Driven Decisions: Optimize resource allocation, project pricing, and workflow efficiency.

How to Access Project & Task Cost Reports
 

1. Log in to your Worktivity account.

2. Navigate to Dashboard → Task Insights.

3. Select the project, tasks, and employees to analyze.

4. Enter hourly and bill rates if not already set.

5. Apply a date range to view detailed cost reports.

6. Review total employee costs, task costs, and overall project costs.

 

With Worktivity, you can easily track project and task time, calculate associated costs, and generate detailed reports, empowering informed budgeting and project management decisions.

Worktivity Team ❤️💙💚💛💜