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.
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.