Quotes
You can now add in labour costs and additional costs that you don’t want the client to see on the quote. This allows you get a better view of the profitability of a quote before sending.
The calculation is:
Profit = Sales Price – Product cost – Other Costs – Expected Labour Cost
Jobs
This works in the same way as the quotes except that it doesn’t use the product costs, but instead the costs from the Purchase Orders associated with the job. It also uses the actual labour costs rather than expected.
The calculation is:
Profit = Sales Price – POs – Other Costs – Actual Labour Cost