Job Profit Calculation (Job Costing) - Estimate vs. Actual
Once all said and done, It would be nice to get a profit calculated for the Job. The 'Budget" has some nice features that could accomplish some of these things but would need to expanded. Some of the things to include
1) Material cost
2) Labor Cost (per employee) Cost vary
3) a)Original price Line for projject
b) Added/Subtracted Change orders as line items
c) Total Job Price
4) More choices, teirs to calculate the commission
5) Able to print out as well as save per job
This is an interesting idea. I’ll talk to our team and see if we could do it.
Thanks for your feedback.
Gordon TidyDeck commented
I think if you have it synced with qb it can be done there
Lisa Henninger commented
The ability to have more than one budget. One for the projected cost of a job that would not effect reports and the actual budget.
Add a Budget, under Financials tabs, in each job and each line item is job costs
a location to upload receipt separate from other documents
Geremy Newman commented
Where you can enter where you spent money on the job and how much to keep up with your profit.
Lisa Henninger commented
Have a projected budget and an actual budget
Randy Feldhaus commented
Really important to easily track actual costs versus budget. Need to see how accurate estimates are and what actual profits are.
Danielle Herrera commented
<p>Have a tab to record all costs on the job </p>
Sherry Fisher commented
THIS is very important to our business. Currently I can add job costs under the budget section, but it requires multiple clicks to see the information and does not allow me to get a true profit for the job automatically, I have to do all of the math.
Shawn Deitemeyer commented
This is critically important!!
Julie Woods commented
I would like to be able to enter my actual costs of a job in Nimbus, where it pulls and creates a Profit & Loss area showing what you projected for the job and what the actual is and where you stand profit wise (percentage) where it will show before and after commission and overhead
Ian Mahon commented
Job Net Profit : Estimate less material costs less work orders costs = net profit
Tia Albertson commented
I'd welcome an added function to the Budget feature - One that would actually allow the Budget Created function off of an estimate to also input costs column into the budget template, not just the price column - This is because as a contractor with subs/suppliers, our "budget" on a job is actually the Estimated Costs (the price is reflection of our markup and the budget feature would be more helpful in analyzing how we over/under performed compared to Cost projections) ... THANKS
Janelle DeVries commented
It'd be great if we had additional columns in the Budget feature that enabled entry of an estimated cost and an Actual cost, alongside the existing Budget cost. Allowing the estimated and actual costs to be entered creates a full-fledged Job Cost ability, versus just a budget amount.