{"id":2578,"date":"2025-06-23T09:01:14","date_gmt":"2025-06-23T09:01:14","guid":{"rendered":"https:\/\/desklog.io\/help\/?p=2578"},"modified":"2025-06-23T09:01:15","modified_gmt":"2025-06-23T09:01:15","slug":"how-to-set-project-profit-loss-calculation-methods","status":"publish","type":"post","link":"https:\/\/desklog.io\/help\/productivity\/how-to-set-project-profit-loss-calculation-methods\/","title":{"rendered":"How to Set\u00a0Project Profit &#038; Loss Calculation Methods?"},"content":{"rendered":"\n<p><strong>Step 1: <\/strong>Click on <strong>Projects<\/strong> from the Admin left panel.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"466\" src=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-118-1024x466.png\" alt=\"\" class=\"wp-image-2585\" srcset=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-118-1024x466.png 1024w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-118-300x137.png 300w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-118-768x350.png 768w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-118-1536x699.png 1536w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-118.png 1915w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 2:<\/strong>  From the drop down, click on <strong>Project List.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"366\" src=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-121-1024x366.png\" alt=\"\" class=\"wp-image-2589\" srcset=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-121-1024x366.png 1024w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-121-300x107.png 300w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-121-768x275.png 768w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-121-1536x550.png 1536w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-121.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 3: <\/strong>From the list of projects, select the project you want to change the profit &amp; loss calculation method of.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"361\" src=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-120-1024x361.png\" alt=\"\" class=\"wp-image-2588\" srcset=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-120-1024x361.png 1024w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-120-300x106.png 300w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-120-768x270.png 768w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-120-1536x541.png 1536w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-120.png 1630w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 4: <\/strong>Click on <strong>Settings<\/strong> in the page that opens.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"423\" src=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-122-1024x423.png\" alt=\"\" class=\"wp-image-2590\" srcset=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-122-1024x423.png 1024w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-122-300x124.png 300w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-122-768x317.png 768w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-122-1536x635.png 1536w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-122.png 1648w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 5: <\/strong>Scroll down till you reach a section titled <strong>Profit Loss Configuration<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"389\" src=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-123-1024x389.png\" alt=\"\" class=\"wp-image-2591\" srcset=\"https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-123-1024x389.png 1024w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-123-300x114.png 300w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-123-768x292.png 768w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-123-1536x583.png 1536w, https:\/\/desklog.io\/help\/wp-content\/uploads\/2025\/06\/image-123.png 1628w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 6: <\/strong>There are four profit and loss calculation parameters to choose from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Task Spent vs Task Assigned<\/strong><\/li>\n<\/ul>\n\n\n\n<p>If the actual time spent on a task is less than the time originally assigned, the project results in a profit.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Task Spent vs Project Estimated Hours<\/strong><\/li>\n<\/ul>\n\n\n\n<p>When the total time spent on tasks is less than the estimated hours for the entire project, the project remains profitable.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Task Assigned vs Project Estimated Hours<\/strong><\/li>\n<\/ul>\n\n\n\n<p>If the total assigned time for all tasks is less than the project\u2019s estimated hours, it indicates potential for profit.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Task Billable Amount vs Project Estimated Amount<\/strong><\/li>\n<\/ul>\n\n\n\n<p>If the total billable amount for all tasks is lower than the project\u2019s estimated cost, the project will be profitable.<\/p>\n\n\n\n<p><strong>Step 7: <\/strong>Select the parameter you wish to apply. Your project settings will be updated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Step 1: Click on Projects from the Admin left panel. Step 2: From the drop down, click on Project List. Step 3: From the list of projects, select the project you want to change the profit &amp; loss calculation method &hellip; <a href=\"https:\/\/desklog.io\/help\/productivity\/how-to-set-project-profit-loss-calculation-methods\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-2578","post","type-post","status-publish","format-standard","hentry","category-project-settings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Set\u00a0Project Profit &amp; Loss Calculation Methods? | Desklog<\/title>\n<meta name=\"description\" content=\"Learn how to set profit and loss calculation methods for a project. Choose from four configurable parameters to track project profitability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/desklog.io\/help\/productivity\/how-to-set-project-profit-loss-calculation-methods\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Set\u00a0Project Profit &amp; Loss Calculation Methods? | Desklog\" \/>\n<meta property=\"og:description\" content=\"Learn how to set profit and loss calculation methods for a project. 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