{"id":33918,"date":"2025-10-15T08:15:27","date_gmt":"2025-10-15T06:15:27","guid":{"rendered":"https:\/\/clockify.me\/blog\/?p=33918"},"modified":"2026-03-13T13:16:00","modified_gmt":"2026-03-13T11:16:00","slug":"clockify-budget-report","status":"publish","type":"post","link":"https:\/\/clockify.me\/blog\/business\/clockify-budget-report\/","title":{"rendered":"How to Create Quarterly and Annual Budget Reports With Clockify"},"content":{"rendered":"\n<p>Creating budget reports can be a <strong>real nightmare for project managers<\/strong> \u2014 especially if they don\u2019t use the right tool to track the time spent on projects.<\/p>\n\n\n\n<p>Recording time spent on tasks and projects via paper timesheets is inefficient and prone to errors, which leads to inaccurate budget data and reporting.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Luckily, Clockify by CAKE.com allows you to track time and expenses on projects \u2014 and easily generate accurate <strong>annual and quarterly Clockify budget reports<\/strong> for improved cost analysis, decision-making, and overall profitability.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"600\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/How-to-Create-Quarterly-and-Annual-Budget-Reports-With-Clockify-cover.jpg\" alt=\"How to Create Quarterly and Annual Budget Reports With Clockify - cover\" class=\"wp-image-33938\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/How-to-Create-Quarterly-and-Annual-Budget-Reports-With-Clockify-cover.jpg 1200w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/How-to-Create-Quarterly-and-Annual-Budget-Reports-With-Clockify-cover-600x300.jpg 600w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/How-to-Create-Quarterly-and-Annual-Budget-Reports-With-Clockify-cover-1110x555.jpg 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/How-to-Create-Quarterly-and-Annual-Budget-Reports-With-Clockify-cover-768x384.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/How-to-Create-Quarterly-and-Annual-Budget-Reports-With-Clockify-cover-18x9.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n<\/div>\n\n\n<h2 id=\"step-1-create-a-project-and-tasks-in-clockify\" class=\"wp-block-heading\">Step #1: Create a project and tasks in Clockify<\/h2>\n\n\n\n<p>To track your project\u2019s progress, first, create a project in Clockify. Creating a project and tasks within that project also enables you to <strong>get precise information<\/strong> when generating Clockify budget reports (like how much billable time was tracked on each task).&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"custom-btn\"><a href=\"https:\/\/app.clockify.me\/en\/signup\" target=\"_blank\" rel=\"noreferrer noopener\">Create a project in Clockify<\/a><\/p>\n\n\n\n<p>To create a project in Clockify by <a href=\"https:\/\/cake.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CAKE.com<\/a>, open the <em>Projects <\/em>page from the sidebar and do the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Click<\/strong> on the <em>Create new project<\/em> button,<\/li>\n\n\n\n<li><strong>Name<\/strong> your project,<\/li>\n\n\n\n<li><strong>Select<\/strong> a client,<\/li>\n\n\n\n<li><strong>Choose<\/strong> a project color, and<\/li>\n\n\n\n<li><strong>Check<\/strong> the <em>Public<\/em> box if you want to make your project visible to all users.<\/li>\n<\/ul>\n\n\n\n<p>Finally, click <em>Create<\/em> to save your project.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"966\" height=\"540\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-new-project-in-Clockify.png\" alt=\"Creating a new project in Clockify\" class=\"wp-image-33929\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-new-project-in-Clockify.png 966w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-new-project-in-Clockify-537x300.png 537w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-new-project-in-Clockify-768x429.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-new-project-in-Clockify-18x10.png 18w\" sizes=\"auto, (max-width: 966px) 100vw, 966px\" \/><figcaption class=\"wp-element-caption\">Creating a new project in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>To <a href=\"https:\/\/clockify.me\/help\/projects\/working-with-tasks\" target=\"_blank\" rel=\"noreferrer noopener\">create a task in Clockify<\/a>, open the <em>Projects<\/em> page and choose your project. Then, enter the name of your task in the right field, click the <em>Add<\/em> button, and your task will appear in your list of tasks.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1151\" height=\"569\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tasks-in-Clockify.png\" alt=\"Tasks in Clockify\" class=\"wp-image-33949\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tasks-in-Clockify.png 1151w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tasks-in-Clockify-607x300.png 607w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tasks-in-Clockify-1110x549.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tasks-in-Clockify-768x380.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tasks-in-Clockify-18x9.png 18w\" sizes=\"auto, (max-width: 1151px) 100vw, 1151px\" \/><figcaption class=\"wp-element-caption\">See all your tasks in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>As shown in the screenshot above, once you add tasks, you can also assign them to your team members so everyone knows exactly what their responsibilities are.<\/p>\n\n\n\n<div class=\"wp-block-group pro-tip\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>\ud83d\udca1 <strong>CLOCKIFY PRO TIP<\/strong><\/p>\n\n\n\n<p>Plan your finances and control your spending with the help of our free budgeting templates:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/clockify.me\/budgeting-templates\" target=\"_blank\" rel=\"noreferrer noopener\">Free Budgeting Templates<\/a>&nbsp;&nbsp;<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h2 id=\"step-2-set-a-project-budget-in-clockify\" class=\"wp-block-heading\">Step #2: Set a project budget in Clockify<\/h2>\n\n\n\n<p>If you have a fixed-fee project, you can track its progress and see how much of the budget has been spent by <strong>setting a monetary estimate<\/strong> in Clockify, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Manual (to set an overall project budget), and<\/li>\n\n\n\n<li>Task-based (to define a budget for each task on the project).<\/li>\n<\/ul>\n\n\n\n<p>To set the budget for the whole project, open the <em>Projects<\/em> page, choose your project, and click the <em>Settings<\/em> tab.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1128\" height=\"333\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-project-settings.png\" alt=\"Clockify project settings\" class=\"wp-image-33927\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-project-settings.png 1128w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-project-settings-730x216.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-project-settings-1110x328.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-project-settings-768x227.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-project-settings-18x5.png 18w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><figcaption class=\"wp-element-caption\">Click \u2018Settings\u2019 to set a monetary estimate in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>After that, do the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Scroll<\/strong> down to the <em>Project estimate<\/em> section,&nbsp;<\/li>\n\n\n\n<li><strong>Choose<\/strong> <em>Project budget<\/em> from the dropdown menu,&nbsp;<\/li>\n\n\n\n<li><strong>Select<\/strong> the <em>Manual<\/em> option, and<\/li>\n\n\n\n<li><strong>Enter<\/strong> your estimated project budget in the right field.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>To include billable expenses in your budget, enable that option.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"516\" height=\"300\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Setting-a-project-budget-with-Clockify-516x300.png\" alt=\"Setting a project budget with Clockify\" class=\"wp-image-33945\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Setting-a-project-budget-with-Clockify-516x300.png 516w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Setting-a-project-budget-with-Clockify-768x447.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Setting-a-project-budget-with-Clockify-18x10.png 18w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Setting-a-project-budget-with-Clockify.png 846w\" sizes=\"auto, (max-width: 516px) 100vw, 516px\" \/><figcaption class=\"wp-element-caption\">Setting a monetary estimate for a project in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>You can also enable the option to reset the estimate weekly, monthly, or yearly, if you\u2019re working on retainer projects.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Before your team starts working on a project, set the hourly rates for your team members in Clockify. This way, you\u2019ll be able to <a href=\"https:\/\/clockify.me\/help\/track-time-and-expenses\/tracking-billable-time\" target=\"_blank\" rel=\"noreferrer noopener\">track billable time<\/a> spent on the project, which is crucial for accurate budgeting and billing.<\/p>\n\n\n\n<p class=\"custom-btn\"><a href=\"https:\/\/app.clockify.me\/en\/signup\" target=\"_blank\" rel=\"noreferrer noopener\">Track billable time now<\/a><\/p>\n\n\n\n<h2 id=\"step-3-define-hourly-rates-in-clockify\" class=\"wp-block-heading\">Step #3: Define hourly rates in Clockify<\/h2>\n\n\n\n<p>To set <a href=\"https:\/\/clockify.me\/help\/reports\/hourly-rates\" target=\"_blank\" rel=\"noreferrer noopener\">hourly rates<\/a> for your team members who work on a specific project, open the <em>Projects<\/em> page in Clockify by CAKE.com and select that project. Then, choose the <em>Access<\/em> tab and click on the <em>Change<\/em> option, as shown below:\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1149\" height=\"488\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-billable-rates-in-Clockify.png\" alt=\"Changing billable rates in Clockify\" class=\"wp-image-33922\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-billable-rates-in-Clockify.png 1149w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-billable-rates-in-Clockify-706x300.png 706w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-billable-rates-in-Clockify-1110x471.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-billable-rates-in-Clockify-768x326.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-billable-rates-in-Clockify-18x8.png 18w\" sizes=\"auto, (max-width: 1149px) 100vw, 1149px\" \/><figcaption class=\"wp-element-caption\">Changing hourly rates for team members in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>After that, enter your team member\u2019s hourly rate in the right field and click <em>Save<\/em>.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"676\" height=\"630\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-billable-rate-in-Clockify-676x630.png\" alt=\"Editing a billable rate in Clockify\" class=\"wp-image-33932\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-billable-rate-in-Clockify-676x630.png 676w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-billable-rate-in-Clockify-322x300.png 322w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-billable-rate-in-Clockify-768x715.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-billable-rate-in-Clockify-13x12.png 13w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-billable-rate-in-Clockify.png 964w\" sizes=\"auto, (max-width: 676px) 100vw, 676px\" \/><figcaption class=\"wp-element-caption\">Setting an hourly rate for a team member in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>This rate will apply to all time entries made by that team member while working on the project.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In the <em>Access<\/em> tab, you can add team members to your project or remove them, allowing you to <a href=\"https:\/\/clockify.me\/blog\/apps-tools\/best-team-management-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">manage your team more efficiently<\/a>.<\/p>\n\n\n\n<p>After you define hourly rates for your team members, they can start tracking billable time in Clockify.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Hourly Rates | Clockify Tutorial (2025)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/uLge9gpA7s4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 id=\"step-4-set-cost-rates-in-clockify\" class=\"wp-block-heading\">Step #4: Set cost rates in Clockify<\/h2>\n\n\n\n<p>Besides setting billable rates, you can also <a href=\"https:\/\/clockify.me\/help\/reports\/labor-cost\" target=\"_blank\" rel=\"noreferrer noopener\">define cost rates<\/a> for your team members in Clockify. This way, you\u2019ll be able to see what you charge your client vs. what you pay your team \u2014 and <strong>track project profitability<\/strong>.&nbsp;<\/p>\n\n\n\n<p>To set a cost rate for a team member working on a specific project, open the <em>Projects<\/em> page in Clockify, select that project, and choose the <em>Access<\/em> tab. After that, click the <em>Change <\/em>option, as shown below:&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1168\" height=\"529\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-cost-rates-in-Clockify.png\" alt=\"Changing cost rates in Clockify\" class=\"wp-image-33923\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-cost-rates-in-Clockify.png 1168w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-cost-rates-in-Clockify-662x300.png 662w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-cost-rates-in-Clockify-1110x503.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-cost-rates-in-Clockify-768x348.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Changing-cost-rates-in-Clockify-18x8.png 18w\" sizes=\"auto, (max-width: 1168px) 100vw, 1168px\" \/><figcaption class=\"wp-element-caption\">Changing cost rates for team members in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Finally, enter your team member\u2019s cost rate in the right field and click <em>Save<\/em>.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"685\" height=\"630\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-cost-rate-in-Clockify-685x630.png\" alt=\"Editing a cost rate in Clockify\" class=\"wp-image-33933\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-cost-rate-in-Clockify-685x630.png 685w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-cost-rate-in-Clockify-326x300.png 326w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-cost-rate-in-Clockify-768x706.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-cost-rate-in-Clockify-13x12.png 13w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Editing-a-cost-rate-in-Clockify.png 970w\" sizes=\"auto, (max-width: 685px) 100vw, 685px\" \/><figcaption class=\"wp-element-caption\">Setting a cost rate for a team member in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Once you set the cost rate for a team member, it will apply to all time entries made by that team member.&nbsp;<\/p>\n\n\n\n<p>Later, when you run a report in Clockify by CAKE.com, you\u2019ll be able to see:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Billable amount<\/strong> \u2014 what you charge your client,<\/li>\n\n\n\n<li><strong>Cost amount<\/strong> \u2014 what you pay your team, and<\/li>\n\n\n\n<li><strong>Profit<\/strong> \u2014 the difference between billable and cost amounts.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"711\" height=\"630\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Checking-profit-in-Clockify-711x630.jpg\" alt=\"Checking profit in Clockify\" class=\"wp-image-33924\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Checking-profit-in-Clockify-711x630.jpg 711w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Checking-profit-in-Clockify-339x300.jpg 339w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Checking-profit-in-Clockify-768x680.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Checking-profit-in-Clockify-14x12.jpg 14w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Checking-profit-in-Clockify.jpg 1120w\" sizes=\"auto, (max-width: 711px) 100vw, 711px\" \/><figcaption class=\"wp-element-caption\">See your profit in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>By comparing total earnings against costs, project managers and team leads can <strong>identify which projects generate profit<\/strong> and which incur losses. This way, they can make informed decisions about future project selection and ultimately improve the company\u2019s bottom line.<\/p>\n\n\n\n<p class=\"custom-btn\"><a href=\"https:\/\/app.clockify.me\/en\/signup\" target=\"_blank\" rel=\"noreferrer noopener\">Set cost rates with Clockify<\/a><\/p>\n\n\n\n<h2 id=\"step-5-track-billable-time-with-clockify\" class=\"wp-block-heading\">Step #5: Track billable time with Clockify<\/h2>\n\n\n\n<p>Your employees can use a simple timer to track their work hours in real time.&nbsp;<\/p>\n\n\n\n<p>Compared to using spreadsheets or other impractical timekeeping methods, recording time with <a href=\"https:\/\/clockify.me\/features\/timer\" target=\"_blank\" rel=\"noreferrer noopener\">Clockify\u2019s timer<\/a> makes time tracking much easier. It also allows you, as a project manager, to get accurate data for budget reviews.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>To track billable hours with Clockify\u2019s timer, employees need to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Open<\/strong> the <em>Time tracker<\/em> page in Clockify,<\/li>\n\n\n\n<li><strong>Enter<\/strong> what they\u2019re working on,<\/li>\n\n\n\n<li><strong>Select<\/strong> a project, and<\/li>\n\n\n\n<li><strong>Click<\/strong> on the dollar sign to mark time entry as billable.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1161\" height=\"81\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-billable-in-Clockify.png\" alt=\"Marking a time entry as billable in Clockify\" class=\"wp-image-33941\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-billable-in-Clockify.png 1161w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-billable-in-Clockify-730x51.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-billable-in-Clockify-1110x77.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-billable-in-Clockify-768x54.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-billable-in-Clockify-18x1.png 18w\" sizes=\"auto, (max-width: 1161px) 100vw, 1161px\" \/><figcaption class=\"wp-element-caption\">Marking a time entry as billable in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>After that, they simply click the <em>Start<\/em> button to start tracking billable time. Once they finish working on a task, they click <em>Stop<\/em> to stop the timer.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1174\" height=\"81\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tracking-billable-time-with-Clockify.png\" alt=\"Tracking billable time with Clockify\" class=\"wp-image-33950\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tracking-billable-time-with-Clockify.png 1174w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tracking-billable-time-with-Clockify-730x50.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tracking-billable-time-with-Clockify-1110x77.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tracking-billable-time-with-Clockify-768x53.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Tracking-billable-time-with-Clockify-18x1.png 18w\" sizes=\"auto, (max-width: 1174px) 100vw, 1174px\" \/><figcaption class=\"wp-element-caption\">Click \u2018Stop\u2019 to finish tracking billable time<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"custom-btn\"><a href=\"https:\/\/app.clockify.me\/en\/signup\" target=\"_blank\" rel=\"noreferrer noopener\">Track billable time efficiently<\/a><\/p>\n\n\n\n<p>Employees can also track non-billable hours with Clockify. Tracking both <a href=\"https:\/\/clockify.me\/blog\/business\/billable-and-non-billable-hours\/\" target=\"_blank\" rel=\"noreferrer noopener\">billable and non-billable hours<\/a> and analyzing the data allows operations managers to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identify areas where too much non-billable time is spent (e.g., excessive meetings or admin work),&nbsp;<\/li>\n\n\n\n<li>Allocate resources more effectively,&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/clockify.me\/blog\/business\/pricing-services\/\" target=\"_blank\" rel=\"noreferrer noopener\">Refine pricing strategies<\/a>, and&nbsp;<\/li>\n\n\n\n<li>Improve business profitability.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How Clockify solved our profitability\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/fY6_mYAnx-s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>To track non-billable time in Clockify by CAKE.com, employees need to open the <em>Time tracker<\/em> page, enter what they\u2019re tracking time for (e.g., a meeting), and select a project. To mark a time entry as non-billable, they click the blue dollar sign, which will then turn grey.\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1141\" height=\"80\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-non-billable-in-Clockify.png\" alt=\"Marking a time entry as non-billable in Clockify\" class=\"wp-image-33942\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-non-billable-in-Clockify.png 1141w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-non-billable-in-Clockify-730x51.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-non-billable-in-Clockify-1110x78.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-non-billable-in-Clockify-768x54.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Marking-a-time-entry-as-non-billable-in-Clockify-18x1.png 18w\" sizes=\"auto, (max-width: 1141px) 100vw, 1141px\" \/><figcaption class=\"wp-element-caption\">Marking a time entry as non-billable in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Finally, they start\/stop the timer to begin\/finish tracking non-billable hours. As you can see, the process is simple, even if you\u2019re not tech-savvy.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group pro-tip\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>\ud83d\udca1 <strong>CLOCKIFY PRO TIP<\/strong><\/p>\n\n\n\n<p>For more information on how to compute billable hours easily and accurately, check out the following resource:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/clockify.me\/how-to-calculate-billable-hours\" target=\"_blank\" rel=\"noreferrer noopener\">How to Calculate Billable Hours<\/a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h2 id=\"step-6-track-expenses-with-clockify\" class=\"wp-block-heading\">Step #6: Track expenses with Clockify<\/h2>\n\n\n\n<p>Apart from the time spent working on a project, Clockify allows you to track expenses related as well. By <a href=\"https:\/\/clockify.me\/blog\/managing-tasks\/expense-tracking\/\" target=\"_blank\" rel=\"noreferrer noopener\">keeping track of expenses<\/a>, including material costs, travel expenses, and others, you can improve cost control and get accurate expense data for enhanced budget reporting.<\/p>\n\n\n\n<p>To create an expense with Clockify, open the <em>Expenses<\/em> page from the sidebar and click the <em>Add expense<\/em> button. Then, do the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Select<\/strong> a team member,<\/li>\n\n\n\n<li><strong>Choose<\/strong> a project,<\/li>\n\n\n\n<li><strong>Select<\/strong> the expense category (e.g., meals, transportation, or lodging),<\/li>\n\n\n\n<li><strong>Enter<\/strong> the amount, and<\/li>\n\n\n\n<li><strong>Mark<\/strong> your expense as billable (if you want to include it in the budget).<\/li>\n<\/ul>\n\n\n\n<p>Finally, click <em>Create<\/em> to save the expense.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"463\" height=\"630\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-expenses-in-Clockify-463x630.png\" alt=\"Creating expenses in Clockify\" class=\"wp-image-33931\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-expenses-in-Clockify-463x630.png 463w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-expenses-in-Clockify-221x300.png 221w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-expenses-in-Clockify-768x1045.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-expenses-in-Clockify-9x12.png 9w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-expenses-in-Clockify.png 866w\" sizes=\"auto, (max-width: 463px) 100vw, 463px\" \/><figcaption class=\"wp-element-caption\">Creating an expense with Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>You can also attach a receipt to your expense. This allows you to confirm the expense details with clients, making the data more trustworthy.<\/p>\n\n\n\n<p>Once recorded, expenses are included in <a href=\"https:\/\/clockify.me\/help\/reports\/expense-report\" target=\"_blank\" rel=\"noreferrer noopener\">Clockify\u2019s expense report<\/a>, along with all relevant details (date, project, category, billable amount, etc.).&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1169\" height=\"145\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-expense-report.png\" alt=\"Clockify expense report\" class=\"wp-image-33926\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-expense-report.png 1169w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-expense-report-730x91.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-expense-report-1110x138.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-expense-report-768x95.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-expense-report-18x2.png 18w\" sizes=\"auto, (max-width: 1169px) 100vw, 1169px\" \/><figcaption class=\"wp-element-caption\">Clockify\u2019s expense report<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Recording and analyzing project expenditures is essential for project managers, as it allows you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identify spending patterns,&nbsp;<\/li>\n\n\n\n<li>Address potential budget leaks, and&nbsp;<\/li>\n\n\n\n<li>Prevent project failure.&nbsp;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n\n<div class=\"banner banner-dark clockify-gradient-landing-1\">\n    <div class=\"banner-text lg:pr-[6rem]\">\n        <span class=\"h4 text-lg translation-block mb-0\">A reliable expense tracker<\/span>\n        <p class=\"translation-block mt-1 mb-3\">Record time and project-related costs with a powerful time and expense tracking app.<\/p>\n\n        <div class=\"banner-buttons d-flex gap-4 align-items-center translation-block justify-content-center justify-content-sm-start\">\n            <a class=\"bg-white rounded px-3 py-1 text-gray-dark\" href=\"https:\/\/app.clockify.me\/signup\" target=\"_blank\">Sign up<\/a>\n\n                            <a class=\"button-2\" href=\"https:\/\/clockify.me\/time-expense-tracking\" target=\"_blank\">Learn more<\/a>\n                    <\/div>\n    <\/div>\n\n    <div class=\"banner-image banner-image-middle \">\n        <picture>\n            <source srcset=\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/landing-1@2x.png 2x\" alt=\"Illustration\"  media=\"(min-width: 1022px)\" \/>\n            <img decoding=\"async\" src=\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/landing-1.png\"  alt=\"Illustration\" \/>\n        <\/picture>\n    <\/div>\n<\/div>\n    \n\n\n\n<h2 id=\"step-7-monitor-project-progress-in-clockify\" class=\"wp-block-heading\">Step #7: Monitor project progress in Clockify<\/h2>\n\n\n\n<p>To check your project progress in Clockify by CAKE.com, open the <em>Projects<\/em> page, choose your project, and click the <em>Status<\/em> tab. There, you\u2019ll be able to see:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total tracked time<\/strong> (billable and non-billable),<\/li>\n\n\n\n<li><strong>Total expenses<\/strong> (billable and non-billable),&nbsp;<\/li>\n\n\n\n<li><strong>Amount of the budget that has been spent<\/strong>, and&nbsp;<\/li>\n\n\n\n<li><strong>Remaining budget<\/strong> (based on the set estimate).<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1176\" height=\"606\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Project-status-in-Clockify.png\" alt=\"Project status in Clockify\" class=\"wp-image-33943\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Project-status-in-Clockify.png 1176w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Project-status-in-Clockify-582x300.png 582w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Project-status-in-Clockify-1110x572.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Project-status-in-Clockify-768x396.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Project-status-in-Clockify-18x9.png 18w\" sizes=\"auto, (max-width: 1176px) 100vw, 1176px\" \/><figcaption class=\"wp-element-caption\">Project status in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"custom-btn\"><a href=\"https:\/\/app.clockify.me\/en\/signup\" target=\"_blank\" rel=\"noreferrer noopener\">Track project progress easily<\/a><\/p>\n\n\n\n<p>Tracking your project progress in real time allows you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Monitor<\/strong> budget consumption proactively to avoid unexpected expenses, and<\/li>\n\n\n\n<li><strong>Adjust<\/strong> the project scope to avoid <a href=\"https:\/\/plaky.com\/learn\/project-management\/scope-creep-in-project-management\/\" target=\"_blank\" rel=\"noreferrer noopener\">scope creep<\/a> and ensure the project stays aligned with its original goals.<\/li>\n<\/ul>\n\n\n\n<p>This helps you avoid overspending and make sure the project stays on track.&nbsp;<\/p>\n\n\n\n<p>Moreover, you can <a href=\"https:\/\/clockify.me\/help\/projects\/alerts\" target=\"_blank\" rel=\"noreferrer noopener\">set up alerts in Clockify<\/a> to get notified when a project reaches a certain percentage of the estimate (e.g., 50%).&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1138\" height=\"160\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-alerts.png\" alt=\"Clockify alerts\" class=\"wp-image-33925\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-alerts.png 1138w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-alerts-730x103.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-alerts-1110x156.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-alerts-768x108.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-alerts-18x3.png 18w\" sizes=\"auto, (max-width: 1138px) 100vw, 1138px\" \/><figcaption class=\"wp-element-caption\">Alerts in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>This way, you\u2019ll know if your team is about to exceed a project\u2019s budget before it happens, allowing you to <a href=\"https:\/\/clockify.me\/blog\/business\/cost-overrun\/\" target=\"_blank\" rel=\"noreferrer noopener\">prevent cost overruns<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Project Status | Clockify Tutorial (2025)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/NPDtZMMaXLw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 id=\"step-8-generate-clockify-budget-reports\" class=\"wp-block-heading\">Step #8: Generate Clockify budget reports&nbsp;<\/h2>\n\n\n\n<p>Once you have the time data, you can generate detailed Clockify reports. This allows for easier cost analysis.<\/p>\n\n\n\n<p>What\u2019s more, Clockify generates reports for any period. So, whether you conduct a <strong>quarterly or annual budget review<\/strong>, Clockify allows you to analyze your spending according to your needs.<\/p>\n\n\n\n<p>First, let\u2019s explain how to create annual budget reports with Clockify.<\/p>\n\n\n\n<h3 id=\"annual-budget-reports\" class=\"wp-block-heading\">Annual budget reports&nbsp;<\/h3>\n\n\n\n<p>To analyze yearly project data, you can use a <a href=\"https:\/\/clockify.me\/help\/reports\/summary-report\" target=\"_blank\" rel=\"noreferrer noopener\">summary report<\/a> in Clockify by CAKE.com.\u00a0<\/p>\n\n\n\n<p>Simply click on <em>Reports<\/em> from the sidebar and select <em>Summary<\/em>. Then, click the calendar icon in the upper-right corner and select <em>This year<\/em>.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1112\" height=\"539\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-this-year.jpg\" alt=\"Generating a Clockify report for this year\" class=\"wp-image-33937\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-this-year.jpg 1112w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-this-year-619x300.jpg 619w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-this-year-1110x538.jpg 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-this-year-768x372.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-this-year-18x9.jpg 18w\" sizes=\"auto, (max-width: 1112px) 100vw, 1112px\" \/><figcaption class=\"wp-element-caption\">Choosing a period for Clockify\u2019s budget report<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Clockify will instantly generate a report based on the time logged on all your projects this year. The report also shows the amounts earned based on tracked billable time.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1148\" height=\"562\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-summary-report.jpg\" alt=\"Clockify summary report\" class=\"wp-image-33928\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-summary-report.jpg 1148w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-summary-report-613x300.jpg 613w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-summary-report-1110x543.jpg 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-summary-report-768x376.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Clockify-summary-report-18x9.jpg 18w\" sizes=\"auto, (max-width: 1148px) 100vw, 1148px\" \/><figcaption class=\"wp-element-caption\">Clockify\u2019s summary report<\/figcaption><\/figure>\n<\/div>\n\n\n<p>This app also offers extensive filtering options to help you segment data for a more detailed analysis. You can filter the report by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Client,<\/li>\n\n\n\n<li>Project,<\/li>\n\n\n\n<li>Task,<\/li>\n\n\n\n<li>Status,&nbsp;<\/li>\n\n\n\n<li>Description, etc.<\/li>\n<\/ul>\n\n\n\n<p>For example, you can use filters to see total billable hours tracked on a certain project. Moreover, you can break down the data even further by groups (e.g., project, task, and user).&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1161\" height=\"611\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report.jpg\" alt=\"Filtering data in Clockify's summary report\" class=\"wp-image-33935\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report.jpg 1161w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report-570x300.jpg 570w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report-1110x584.jpg 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report-285x150.jpg 285w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report-768x404.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Filtering-data-in-Clockifys-summary-report-18x9.jpg 18w\" sizes=\"auto, (max-width: 1161px) 100vw, 1161px\" \/><figcaption class=\"wp-element-caption\">Filtering and grouping data in Clockify\u2019s summary report<\/figcaption><\/figure>\n<\/div>\n\n\n<p>That way, you\u2019ll have a clear picture of where your team\u2019s time is going, as well as which tasks are <strong>consuming the most resources<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Also, by comparing the estimated and the actual budget spent on projects, you\u2019ll know which types of projects consistently exceed budget.&nbsp;<\/p>\n\n\n\n<p>This helps you identify patterns (like specific tasks that tend to take more time than planned) so you can renegotiate pricing or improve efficiency to increase profitability.<\/p>\n\n\n\n<div class=\"wp-block-group pro-tip\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>\ud83d\udca1 <strong>CLOCKIFY PRO TIP<\/strong><\/p>\n\n\n\n<p>If you want to learn more about the planning fallacy phenomenon \u2014 our tendency to underestimate the time it takes us to complete a task or project \u2014 read this:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/clockify.me\/blog\/managing-time\/planning-fallacy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Overcoming Planning Fallacy and Its Negative Effects<\/a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 id=\"quarterly-budget-reports\" class=\"wp-block-heading\">Quarterly budget reports<\/h3>\n\n\n\n<p>To analyze quarterly project data, open the summary report and click the calendar icon to enter start and end dates for a specific 3-month period (e.g., August 1, 2025 \u2013 October 31, 2025).&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1071\" height=\"479\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-a-quarter-of-the-year.jpg\" alt=\"Generating a Clockify report for a quarter of the year\" class=\"wp-image-33936\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-a-quarter-of-the-year.jpg 1071w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-a-quarter-of-the-year-671x300.jpg 671w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-a-quarter-of-the-year-768x343.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Generating-a-Clockify-report-for-a-quarter-of-the-year-18x8.jpg 18w\" sizes=\"auto, (max-width: 1071px) 100vw, 1071px\" \/><figcaption class=\"wp-element-caption\">Selecting a specific period for Clockify\u2019s budget report<\/figcaption><\/figure>\n<\/div>\n\n\n<p>This time, Clockify will generate a report based on the time tracked on all your projects for this quarter \u2014 see below.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1153\" height=\"564\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-quarterly-project-data-with-Clockify.jpg\" alt=\"Analyzing quarterly project data with Clockify\" class=\"wp-image-33920\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-quarterly-project-data-with-Clockify.jpg 1153w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-quarterly-project-data-with-Clockify-613x300.jpg 613w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-quarterly-project-data-with-Clockify-1110x543.jpg 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-quarterly-project-data-with-Clockify-768x376.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-quarterly-project-data-with-Clockify-18x9.jpg 18w\" sizes=\"auto, (max-width: 1153px) 100vw, 1153px\" \/><figcaption class=\"wp-element-caption\">Clockify\u2019s summary report shows total tracked, billable time, and the amount<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Same as with annual budget reports, you can filter and group project data to better understand:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Where your team\u2019s time goes, and<\/li>\n\n\n\n<li>Which tasks take longer than expected (and incur more costs).<\/li>\n<\/ul>\n\n\n\n<p>With these insights, department heads and project managers can improve scoping and make better, more realistic estimates for future projects.&nbsp;<\/p>\n\n\n\n<p>Additionally, you can <a href=\"https:\/\/clockify.me\/help\/reports\/exporting-reports\" target=\"_blank\" rel=\"noreferrer noopener\">export Clockify budget reports<\/a> in a PDF, CSV, or Excel format and send them to a client to justify a budget increase or scope change.&nbsp;<\/p>\n\n\n\n<p>All in all, using Clockify reports allows you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Identify<\/strong> and eliminate bottlenecks,&nbsp;<\/li>\n\n\n\n<li><strong>Prevent<\/strong> undercharging, and<\/li>\n\n\n\n<li><strong>Justify<\/strong> decisions by offering transparent reports to your clients.<\/li>\n<\/ul>\n\n\n\n<p>This helps you not only improve profitability but also strengthen client trust and, thus, relationships.<\/p>\n\n\n\n<div class=\"wp-block-group pro-tip\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>\ud83d\udca1 <strong>CLOCKIFY PRO TIP<\/strong><\/p>\n\n\n\n<p>Use these 4 simple tips to build long-lasting client relationships and boost your profits:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/clockify.me\/blog\/business\/client-relationships-improvement\/\" target=\"_blank\" rel=\"noreferrer noopener\">4 Essential Tips for Building Stronger Client Relationships<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h2 id=\"faqs-about-clockify-budget-tracking-and-reporting\" class=\"wp-block-heading\">FAQs about Clockify budget tracking and reporting<\/h2>\n\n\n\n<p>Here are the answers to some of the frequently asked questions about Clockify budget reporting and tracking.<\/p>\n\n\n\n<h3 id=\"how-to-download-reports-from-clockify\" class=\"wp-block-heading\">How to download reports from Clockify?<\/h3>\n\n\n\n<p>To download <a href=\"https:\/\/clockify.me\/features\/reports\" target=\"_blank\" rel=\"noreferrer noopener\">Clockify reports<\/a>, open the report you want to export, click on the <em>Export<\/em> option, and choose whether you want to save your report as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PDF,<\/li>\n\n\n\n<li>CSV, or<\/li>\n\n\n\n<li>Excel.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1165\" height=\"501\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Exporting-Clockify-reports.png\" alt=\"Exporting Clockify reports\" class=\"wp-image-33934\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Exporting-Clockify-reports.png 1165w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Exporting-Clockify-reports-698x300.png 698w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Exporting-Clockify-reports-1110x477.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Exporting-Clockify-reports-768x330.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Exporting-Clockify-reports-18x8.png 18w\" sizes=\"auto, (max-width: 1165px) 100vw, 1165px\" \/><figcaption class=\"wp-element-caption\">Exporting reports with Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Once you select your preferred format, the report will automatically download to your computer.<\/p>\n\n\n\n<p>You can also tailor the reports in Clockify to your needs. Click <em>Customize<\/em>, name your report, select what you want your report to show (e.g., duration in hours or decimal), and more.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"392\" height=\"630\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Summary-export-settings-in-Clockify-392x630.jpg\" alt=\"Summary export settings in Clockify\" class=\"wp-image-33948\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Summary-export-settings-in-Clockify-392x630.jpg 392w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Summary-export-settings-in-Clockify-187x300.jpg 187w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Summary-export-settings-in-Clockify-768x1234.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Summary-export-settings-in-Clockify-7x12.jpg 7w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Summary-export-settings-in-Clockify.jpg 772w\" sizes=\"auto, (max-width: 392px) 100vw, 392px\" \/><figcaption class=\"wp-element-caption\">Customizing Clockify reports<\/figcaption><\/figure>\n<\/div>\n\n\n<p>With Clockify by CAKE.com, customizing and exporting reports is easy, whether you want to analyze the data further or send it to your clients to ensure transparency.\u00a0<\/p>\n\n\n\n<h3 id=\"can-i-set-recurring-budgets-for-quarterly-or-annual-reporting\" class=\"wp-block-heading\">Can I set recurring budgets for quarterly or annual reporting?<\/h3>\n\n\n\n<p>Yes, you can set <a href=\"https:\/\/clockify.me\/help\/troubleshooting\/project-issues\/understanding-project-estimates#recurring-budgets-reset-automatically\" target=\"_blank\" rel=\"noreferrer noopener\">recurring budgets<\/a> for reporting with Clockify.&nbsp;<\/p>\n\n\n\n<p>When setting a budget estimate in Clockify, you can select a weekly, monthly, or yearly reset period and the specific date and time for the reset to occur.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"516\" height=\"300\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Resetting-project-estimate-in-Clockify-516x300.png\" alt=\"Resetting project estimate in Clockify\" class=\"wp-image-33944\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Resetting-project-estimate-in-Clockify-516x300.png 516w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Resetting-project-estimate-in-Clockify-18x10.png 18w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Resetting-project-estimate-in-Clockify.png 746w\" sizes=\"auto, (max-width: 516px) 100vw, 516px\" \/><figcaption class=\"wp-element-caption\">Reset the project estimate with Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>The app automatically resets the project budget\u2019s progress bar to 0% at your chosen interval based on the project\u2019s start date.&nbsp;<\/p>\n\n\n\n\n<div class=\"banner banner-dark clockify-gradient-default\">\n    <div class=\"banner-text lg:pr-[6rem]\">\n        <span class=\"h4 text-lg translation-block mb-0\">A powerful time tracking tool<\/span>\n        <p class=\"translation-block mt-1 mb-3\">Set client budgets and track project status easily with the best time tracker on the market.<\/p>\n\n        <div class=\"banner-buttons d-flex gap-4 align-items-center translation-block justify-content-center justify-content-sm-start\">\n            <a class=\"bg-white rounded px-3 py-1 text-gray-dark\" href=\"https:\/\/app.clockify.me\/signup\" target=\"_blank\">Sign up<\/a>\n\n                            <a class=\"button-2\" href=\"https:\/\/clockify.me\/budgeting\" target=\"_blank\">Learn more<\/a>\n                    <\/div>\n    <\/div>\n\n    <div class=\"banner-image banner-image-middle \">\n        <picture>\n            <source srcset=\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/default@2x.png 2x\" alt=\"Illustration\"  media=\"(min-width: 1022px)\" \/>\n            <img decoding=\"async\" src=\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/default.png\"  alt=\"Illustration\" \/>\n        <\/picture>\n    <\/div>\n<\/div>\n    \n\n\n\n<h3 id=\"how-can-i-see-my-billable-vs-non-billable-hours-in-a-report\" class=\"wp-block-heading\">How can I see my billable vs. non-billable hours in a report?<\/h3>\n\n\n\n<p>To check your billable vs. non-billable hours in Clockify\u2019s summary report, open the report and select the <em>Billability<\/em> option.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1102\" height=\"535\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Billability-status-in-Clockify.png\" alt=\"Billability status in Clockify\" class=\"wp-image-33921\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Billability-status-in-Clockify.png 1102w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Billability-status-in-Clockify-618x300.png 618w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Billability-status-in-Clockify-768x373.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Billability-status-in-Clockify-18x9.png 18w\" sizes=\"auto, (max-width: 1102px) 100vw, 1102px\" \/><figcaption class=\"wp-element-caption\">Billability status in Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>After doing so, you\u2019ll see the total billable and non-billable time tracked by your team members. With this information, you can balance revenue-generating work with internal tasks, which helps sustain your business\u2019s growth.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"how-do-i-include-expenses-in-my-project-budgets-and-reports\" class=\"wp-block-heading\">How do I include expenses in my project budgets and reports?<\/h3>\n\n\n\n<p>To include expenses in your project budget, turn on the <em>Budget includes billable expenses<\/em> switch when setting your project budget in Clockify.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"516\" height=\"300\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Including-billable-expenses-in-the-project-budget-with-Clockify-516x300.png\" alt=\"Including billable expenses in the project budget with Clockify\" class=\"wp-image-33940\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Including-billable-expenses-in-the-project-budget-with-Clockify-516x300.png 516w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Including-billable-expenses-in-the-project-budget-with-Clockify-18x10.png 18w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Including-billable-expenses-in-the-project-budget-with-Clockify.png 746w\" sizes=\"auto, (max-width: 516px) 100vw, 516px\" \/><figcaption class=\"wp-element-caption\">Including billable expenses in your project\u2019s budget<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Moreover, you can see all your project expenses by generating the expense report in Clockify.&nbsp;<\/p>\n\n\n\n<p>You can create the report for any period and analyze your fixed costs, materials, and other project-related costs to minimize financial risks and ensure your project\u2019s success.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How to Use Reports in Clockify | Guide\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/WAbEQtNZJbQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 id=\"how-do-i-export-my-reports-for-further-analysis-in-excel-or-google-sheets\" class=\"wp-block-heading\">How do I export my reports for further analysis in Excel or Google Sheets?<\/h3>\n\n\n\n<p>To learn how to export your Clockify report as an Excel file, refer to the <em>How to download reports from Clockify<\/em> sub-section of this FAQs section.&nbsp;<\/p>\n\n\n\n<p>If you want to export your report for further analysis in Google Sheets, you can download the report as a CSV file (also explained in the <em>How to download reports from Clockify<\/em> sub-section) and then import it into <a href=\"https:\/\/clockify.me\/google-sheets-time-tracking\" target=\"_blank\" rel=\"noreferrer noopener\">Google Sheets<\/a>.&nbsp;<\/p>\n\n\n\n<h3 id=\"can-i-share-a-budget-report-with-a-client-or-team-member\" class=\"wp-block-heading\">Can I share a budget report with a client or team member?<\/h3>\n\n\n\n<p>Yes, you can share budget reports with your clients or team members. To <a href=\"https:\/\/clockify.me\/help\/reports\/sharing-reports\" target=\"_blank\" rel=\"noreferrer noopener\">share a Clockify report<\/a> with a link, open the report and click the share icon, as presented below:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1136\" height=\"349\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Sharing-reports-in-Clockify.png\" alt=\"Sharing reports in Clockify\" class=\"wp-image-33947\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Sharing-reports-in-Clockify.png 1136w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Sharing-reports-in-Clockify-730x224.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Sharing-reports-in-Clockify-1110x341.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Sharing-reports-in-Clockify-768x236.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Sharing-reports-in-Clockify-18x6.png 18w\" sizes=\"auto, (max-width: 1136px) 100vw, 1136px\" \/><figcaption class=\"wp-element-caption\">Sharing budget reports with Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>After that, name your report and choose a visibility (public or private). If you want to limit who can view the report, click the <em>Private<\/em> option and add specific team members. This allows for enhanced data control and security.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"685\" height=\"630\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-shareable-link-with-Clockify-685x630.png\" alt=\"Creating a shareable link with Clockify\" class=\"wp-image-33930\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-shareable-link-with-Clockify-685x630.png 685w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-shareable-link-with-Clockify-326x300.png 326w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-shareable-link-with-Clockify-13x12.png 13w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Creating-a-shareable-link-with-Clockify.png 768w\" sizes=\"auto, (max-width: 685px) 100vw, 685px\" \/><figcaption class=\"wp-element-caption\">Creating a shareable link with Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Also, you can lock dates to prevent the viewer from seeing the report for different time ranges, or enable the <em>Schedule to email<\/em> option to send the report by email to yourself or anyone else in your organization. You can send a report on a daily, weekly, or monthly basis.<\/p>\n\n\n\n<p>To save a link, click the <em>Create link<\/em> button.&nbsp;<\/p>\n\n\n\n<p>When you want to share this or any other report you previously created a link for, go to <em>Shared<\/em> reports in Clockify by CAKE.com.\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1140\" height=\"228\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Shared-reports-in-Clockify.png\" alt=\"Shared reports in Clockify\" class=\"wp-image-33946\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Shared-reports-in-Clockify.png 1140w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Shared-reports-in-Clockify-730x146.png 730w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Shared-reports-in-Clockify-1110x222.png 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Shared-reports-in-Clockify-768x154.png 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Shared-reports-in-Clockify-18x4.png 18w\" sizes=\"auto, (max-width: 1140px) 100vw, 1140px\" \/><figcaption class=\"wp-element-caption\">Click \u2018Copy\u2019 to copy the report\u2019s URL<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Then simply copy the report\u2019s URL and send it to your client or your team members.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"can-i-analyze-project-profitability-using-clockify\" class=\"wp-block-heading\">Can I analyze project profitability using Clockify?<\/h3>\n\n\n\n<p>Yes, you can analyze project profitability with Clockify if you follow these steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Open<\/strong> the summary report in Clockify,<\/li>\n\n\n\n<li><strong>Filter<\/strong> the report by project (e.g., e-commerce website), and&nbsp;<\/li>\n\n\n\n<li><strong>Open<\/strong> the <em>Show all<\/em> dropdown menu.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>After that, check the <em>Show amount<\/em>, <em>Show cost<\/em>, and <em>Show profit<\/em> boxes. By checking all 3 boxes, you\u2019ll get all the relevant information, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total tracked time on a project,<\/li>\n\n\n\n<li>Total billable time,<\/li>\n\n\n\n<li>Total amount earned based on that billable time,<\/li>\n\n\n\n<li>Total costs (what you pay your team), and<\/li>\n\n\n\n<li>The profit.&nbsp;<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1149\" height=\"547\" src=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-project-profitability-with-Clockify.jpg\" alt=\"Analyzing project profitability with Clockify\" class=\"wp-image-33919\" srcset=\"https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-project-profitability-with-Clockify.jpg 1149w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-project-profitability-with-Clockify-630x300.jpg 630w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-project-profitability-with-Clockify-1110x528.jpg 1110w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-project-profitability-with-Clockify-768x366.jpg 768w, https:\/\/clockify.me\/blog\/wp-content\/uploads\/2025\/10\/Analyzing-project-profitability-with-Clockify-18x9.jpg 18w\" sizes=\"auto, (max-width: 1149px) 100vw, 1149px\" \/><figcaption class=\"wp-element-caption\">Analyzing project profitability is easy with Clockify<\/figcaption><\/figure>\n<\/div>\n\n\n<p>The report also shows the profit for each project-related task if you want to delve deeper into your project\u2019s profitability.&nbsp;&nbsp;<\/p>\n\n\n\n<p>With Clockify, department heads get all the <strong>profitability insights<\/strong> they need to assess their business\u2019s performance. This allows them to make informed financial choices for their business growth.&nbsp;<\/p>\n\n\n\n<p class=\"custom-btn\"><a href=\"https:\/\/app.clockify.me\/en\/signup\" target=\"_blank\" rel=\"noreferrer noopener\">Analyze performance now<\/a><\/p>\n\n\n\n<h2 id=\"track-time-and-generate-financial-reports-easily-with-clockify-by-cake-com\" class=\"wp-block-heading\">Track time and generate financial reports easily with Clockify by CAKE.com<\/h2>\n\n\n\n<p>As a powerful time tracking software, <a href=\"https:\/\/clockify.me\/\" target=\"_blank\" rel=\"noreferrer noopener\">Clockify<\/a> offers many useful features to help operations managers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Track<\/strong> their team\u2019s billable and non-billable hours,<\/li>\n\n\n\n<li><strong>Record<\/strong> project-related expenses, and<\/li>\n\n\n\n<li><strong>Track<\/strong> their project progress effectively.<\/li>\n<\/ul>\n\n\n\n<p>Clockify\u2019s built-in reporting feature lets you create accurate quarterly and annual budget reports more easily than ever.&nbsp;<\/p>\n\n\n\n<p>You can generate the report for any period based on your team\u2019s time data in just a few clicks \u2014 no need to manually update spreadsheets every week.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Additionally, you can customize the reports, export them in different formats, and send them to your clients. This enables efficient information sharing and better client communication.<\/p>\n\n\n\n<p>On top of all this, Clockify offers free full human <a href=\"https:\/\/clockify.me\/help\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">customer support<\/a> available 24\/7 (via email, chat, or phone) if you need help setting up or using Clockify.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Automate the process of tracking time and generating financial reports with Clockify to free up time for project management.<\/p>\n\n\n\n<p>And, if you want to boost your team\u2019s productivity, check out the <a href=\"https:\/\/cake.com\/bundle\" target=\"_blank\" rel=\"noreferrer noopener\">CAKE.com Bundle<\/a>.<\/p>\n\n\n\n\n<div class=\"banner banner-dark clockify-gradient-bundle\">\n    <div class=\"banner-text lg:pr-[6rem]\">\n        <span class=\"h4 text-lg translation-block mb-0\">A must-have Productivity Bundle<\/span>\n        <p class=\"translation-block mt-1 mb-3\">Skyrocket your team's productivity and save money. Get 3 apps for the price of 1.<\/p>\n\n        <div class=\"banner-buttons d-flex gap-4 align-items-center translation-block justify-content-center justify-content-sm-start\">\n            <a class=\"bg-white rounded px-3 py-1 text-gray-dark\" href=\"https:\/\/cake.com\/bundle\" target=\"_blank\">Sign up<\/a>\n\n                    <\/div>\n    <\/div>\n\n    <div class=\"banner-image banner-image-bottom \">\n        <picture>\n            <source srcset=\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/bundle@2x.png 2x\" alt=\"Illustration\"  media=\"(min-width: 1022px)\" \/>\n            <img decoding=\"async\" src=\"https:\/\/clockify.me\/blog\/wp-content\/themes\/cake-blog\/theme\/images\/banners\/clockify\/bundle.png\"  alt=\"Illustration\" \/>\n        <\/picture>\n    <\/div>\n<\/div>\n    \n","protected":false},"excerpt":{"rendered":"<p>Read this blog post to learn how to generate accurate quarterly and annual budget reports with Clockify.<\/p>\n","protected":false},"author":37,"featured_media":33939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-33918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/posts\/33918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/comments?post=33918"}],"version-history":[{"count":17,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/posts\/33918\/revisions"}],"predecessor-version":[{"id":36313,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/posts\/33918\/revisions\/36313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/media\/33939"}],"wp:attachment":[{"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/media?parent=33918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/categories?post=33918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clockify.me\/blog\/wp-json\/wp\/v2\/tags?post=33918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}