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Administrator Guide
Last Updated: 2023-06-23
Reference: Project Billing Reports

Reference: Project Billing Reports

Project managers and executives need insight into project performance indicators to assure organizations maintain business objectives. They need to know how projects are doing and how they can do better. Workday delivers a number of financial reports for projects.
Financial Reports
Security
Description
Average Revenue by Project Role
Reports: Project Billing
 domain in the Project Billing functional area.
Analyze how your project staffing relates to project revenue. Workday calculates the average revenue in the project currency by project role based on:
  • Total approved hours.
  • Total billings from invoice lines.
You can see when you use certain project roles more than others.
Comparative Revenue by Project
Reports: Projects
 domain in the Projects functional area.
Analyze revenue trends for month-over-month and year-over-year revenue by project. You can customize this report to include quarterly analysis for project revenue using your existing time periods.
Project Billing Exceptions
To access the report:
Process: Project Billing - Core
 in the Project Billing functional area.
To access related tasks, both:
  • Process: Customer Contract - View
     in the Customer Contracts and Project Billing functional areas.
  • Reports: Billing
     in the Customer Contracts and Project Billing functional areas.
View a list of all your projects with billable transactions that aren't ready to be billed, and the total number of affected transactions between them. Transactions may be unbillable, have a contract rate change which has not yet been applied to the time transaction, or have no billable rate. Only includes transactions with one of these:
  • A contract line type of Project Time and Expense, or Fixed Fee.
  • A status of Awaiting Review, or Ready to Bill for rate changes and missing rates.
  • A status of On Hold for missing rates only.
Project Budgetary Balance with Labor Cost
Both:
  • Reports: Projects
     in the Projects functional area.
  • Reports: Time Tracking
     in the Time Tracking functional area.
Compare your project budget to your actuals, including labor costs. Doesn't include ad hoc time blocks. View your project actuals and labor costs by the:
  • Current fiscal year.
  • Current period.
  • Life to date of your project.
You can run the report by company, or for all companies within a company hierarchy.
Project Profitability
Reports: Projects
 domain in the Projects functional area.
Reports: Time Tracking
 domain in the Time Tracking and Time Tracking Hub functional areas.
Analyze how direct and labor costs consume your profitability. Workday calculates:
  • Gross profit and labor margins.
  • Project revenue and related direct costs from journal lines and labor costs based on approved worker time.
Includes these subreports that you can view individually:
  • Project Profitability Direct Costs
  • Project Profitability Revenue
  • Project Profitability Time Blocks
Revenue Leakage
Report Execution
 domain in the Tenant Non-Configurable functional area.
For operational and financial users. View these concessions that have been made in the project:
  • Contractual versus actual rates.
  • Project hours leaked.
  • Revenue leakage.
Trended Revenue by Project
Reports: Projects
 domain in the Projects functional area.
View revenue by project for the top 10 projects over the selected period. You can analyze revenue trends by:
  • Month-over-month.
  • Year-over-year.
View Initial Project Budget Calculation
Manage: Project Budget
 domain in the Projects functional area.
Examine the details of how Workday calculates project budget lines for draft and approved budgets sourced from:
  • Journal lines (actual revenue).
  • Resource forecasts (revenue and cost forecast).
  • Resource plan percentage allocation by project role (estimated cost and revenue).
  • Revenue recognition installments (revenue).
  • Resource plan estimated hours by project role (estimated cost and revenue).
  • Time blocks (actual costs).
Calculated project budget lines don't include manually added project budget line, including lines from:
  • Project Budget Templates.
  • The Import Budget web service.
  • The Maintain Budget task.
  • Worksheets.