If your company provides the service offers services to other organizations, you could have faced the issue with accurate may have encountered challenges providing accurate and transparent reporting. Clients want expect transparency in all projects. Simultaneously, your projects differ in size, approach, involved people, duration and budget. Suppose , which can be complex considering each project's varying sizes, approaches, team members, durations, and budgets. If your business model is based on the number of allocated hours allocated, and every month you send the invoice with monthly invoices detailing hours, rates, and totals. The , the Time & Cost Tracker for Jira Cloud might help you make this reporting transparent can be a valuable tool to ensure transparent reporting. This add-on helps you streamline the reporting process, making presenting project costs clearly and transparently to your clients easier.
First of all - install the app from Atlassian Marketplace.
...
Fourth. Navigate to the Cost Report section and Generate a report with the Revenue tracking option.
...
You must select the period you will send the bill for To generate the invoice, specify the billing period's start and end dates. The system will get then retrieve all work logs and multiply them by ratesfor that period and calculate the costs by multiplying the hours logged with their respective rates. This process ensures an accurate and straightforward invoicing system.
Fifth. Once the report is generated, in the scope section, you see how much the total scope cost is. The numbers are based on the internal rate.
...