Time tracking for project profitability

Everhour turns task hours into reports, budgets, and profitability views for teams managing project margin.

Calculate your hours

Enter your time in and out for each day. Overtime and gross pay are calculated automatically.

Employee Time Card
DayTime InBreak Start
Break End
Break
Time OutTotal
Total hours0:00
Regular0:00
Overtime0:00
Double OT0:00
Total hours0:00
Regular0:00
Overtime0:00
Double OT0:00
Total gross pay
Regular pay
Overtime pay
Double OT pay
Calculator options
Document infofor PDF / print
Employee Signature
Date
Supervisor Signature
Date

Everhour does it all — track, budget, report & invoice

The calculator gives you the number — Everhour takes it from there.

Go ahead — start tracking!

One click and you're timing. Start a timer, add an entry, edit the details. This is exactly how it feels in Everhour.

  • One-click timer — browser, desktop & mobile
  • Works inside Asana, ClickUp, Linear, GitHub & more
  • Simple setup, no learning curve
Works with your favorite tool:
Everhour — Time Tracking
Time Entries
01:24:00
00:31:00
01:07:00

No more budget surprises

Set a budget, assign rates, and get alerted before you're over.

  • Real-time cost tracking
  • Set different rates per person or project
  • Alerts before you hit the budget limit
Everhour — Budgeting
Acme Web Project
1
50% of budget used
$2,500.00of $5,000.00
$2,500.00 remaining
75%
Actual costRemaining cost

Measurement

Track your budget through time or costs

Simple, customizable reports

Every report you need — configured your way, always up to date.

  • See who does what in real time
  • Configure any report
  • Scheduled email reports
Everhour — Reports

Your invoice is ready!

Tracked hours flow straight into a polished invoice — no copy-paste, no manual math.

  • Billable hours straight into the invoice
  • Configure invoice templates
  • Copy invoices to QuickBooks or Xero
  • Invoicing dashboard with status
Everhour — Invoices
Your Company LLChello@yourcompany.com
INVOICE
Invoice #1042
Group by:
DescriptionHoursRateAmount
Website Redesign14h$150/h$2,100.00
Brand Guidelines7h$150/h$1,050.00
Marketing Strategy3.5h$150/h$525.00
Total Due$3,675.00
Try Everhour for real yourself

Project margin starts with reliable time data

Track work that affects margin

Project profitability work starts with a practical question: which hours changed the margin on this project? A useful record connects each entry to the project, client, task, person, date, and billable status. For a delivery team, that means separating discovery, design, development, quality review, and project management instead of leaving the week as one undivided total.

The same structure also supports payroll and compliance review for employees. Under the FLSA federal baseline, covered employers must keep accurate records for non-exempt workers, including hours worked each workday and total hours worked each workweek. The law does not require one specific timekeeping system, but the records need enough detail to support pay, billing, and project cost decisions.

Structure hours by project work

Profitability tracking works best when the project plan uses a work breakdown structure or clear task list. The WBS breaks approved work into elements used for planning, budgeting, scheduling, cost accounting, progress measurement, and management control. A time entry tied to a WBS element gives the project manager a direct path from labor hours to budget consumption.

A useful weekly record might show 6 hours on research, 12 hours on implementation, 3 hours on client revisions, and 2 hours on internal rework. Those categories produce different margin signals. Client-approved implementation can support revenue, while internal rework reduces profit unless the project budget already includes it. Accurate task labels prevent profitable work and margin leakage from blending into one average.

Measure margin with earned value

Project profitability depends on comparing planned value, actual cost, and earned value. Planned Value comes from the approved cost and schedule baseline. Actual Cost captures the cost incurred to perform the work. Earned Value measures the budgeted value of completed work, also called Budgeted Cost of Work Performed. Together, those inputs show whether the project is earning enough value for the cost already spent.

Cost Variance uses `CV = EV - AC`. A negative value means actual cost exceeds earned value. Cost Performance Index uses `CPI = EV / AC`, with a value below 1 showing unfavorable cost efficiency. A common Estimate at Completion uses `EAC = BAC / CPI`. PMI describes EAC review as a periodic project-status evaluation, usually monthly or after a significant project change.

Choose one-off or managed tracking

A one-off hours total works for a quick project review, a single invoice, or a small engagement with few tasks. It gives you a snapshot, but it cannot maintain approval history, compare actuals against budget over time, or show whether rework is growing across several reporting periods. Project profitability needs repeatable time data when costs change every week.

A managed workflow becomes necessary when tracked hours feed budgets, client billing, payroll review, and performance reporting. Everhour can keep time inside supported project tools and move approved entries into reports, budgets, invoices, and timesheets. That matters when project margin depends on current task hours, financial columns, exportable reports, and a clear record of who approved the time.

This content is for general information only, may not be fully up to date, and is provided without any warranty or liability.

High Performer

G2

Summer 2026

Best Ease Of Use

Capterra

Summer 2026

Loved by teams. Proven everywhere.

Rated in the top time trackers across G2, Capterra, and TrustRadius — with consistent praise for ease of use, integrations, and support.

10K+Teams worldwide
90K+Installs Everhour extension
196M+Tasks completed
4M+Projects tracked

Frequently Asked Questions

Which time details show whether a project is profitable?

Project profitability needs the project, task or WBS element, person, date, hours, billable status, rate or labor cost, and approval status. Those fields connect work performed to actual cost and revenue treatment. Without task-level detail, the report can show total effort but cannot identify whether margin loss came from rework, scope growth, underpriced delivery, or non-billable support.

How does earned value connect to time tracking?

Earned value connects time records to budget progress. Planned Value shows the approved budget for scheduled work, Actual Cost shows what the work cost, and Earned Value shows the budgeted value of completed work. Time entries help support Actual Cost and progress review when they are tied to the same tasks used for planning and budget control.

Which mistake hides project margin problems?

Large weekly totals hide the source of cost variance. A single 40-hour entry for one project cannot show whether the time went to approved delivery, client revisions, internal rework, or project management. Task-level tracking creates a clearer cost trail and gives managers enough detail to correct scope, staffing, estimates, or billing terms before the next reporting cycle.

How often should teams review project cost forecasts?

Teams should review Estimate at Completion monthly or after a significant project change. PMI describes EAC as a periodic project-status evaluation. A project with a falling CPI needs faster attention because `EAC = BAC / CPI` will forecast a higher total cost when cost efficiency drops below 1.

Do project profitability records need to follow wage rules?

Employee time records still need payroll accuracy. Under the FLSA federal baseline, covered employers must keep accurate records for non-exempt workers, including daily hours worked and total hours worked each workweek. Covered non-exempt employees must receive overtime pay for hours worked over 40 in a 168-hour workweek at at least 1.5 times the regular rate.

How does Everhour Reporting support project profitability?

Everhour Reporting turns logged time, budgets, costs, and project data into customizable reports with 45+ columns. Teams can group and filter by project, client, member, task, billable time, labor cost, profit, invoice status, budget metrics, and integration custom fields, then export reports as CSV, Excel/XLSX, or PDF.

Turn hours into margin insight

Track approved project hours, costs, and budget progress in Everhour Reporting, then review profitability by task, client, member, and invoice status before margin problems spread.

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