The job financial report shows important financial information about your jobs. You can use the job financial report to identify where you’re losing money, maximise job profitability and improve quote accuracy.
To get to the job financial report, go to the job screen and click on Options, then click on Job Financial Report.
The job financial report shows the following information broken down by time & materials:
Job No – the job number and customer
Break Down – a break down of all numbers by time and materials. Use this to help you see profitability of time versus materials.
Estimated Cost – the total cost of quotes associated with the job. This is the what we thought the job would cost us. If there are no quotes for this job this number will be zero.
Actual Cost – the total cost of time and materials entered against the job. This is calculated using the hourly rate entered for staff members who have entered time against the job, and the purchase cost of materials entered against the job.
Invoiced – the total of all invoices excluding GST, VAT or Sales Tax.
To Invoice – the total invoice value of time and materials entered against the job which have not been invoiced yet. This number will only be accurate if you use the Time & Materials Invoice option when entering invoices for this job. You can find out more about invoicing here.
Gross Profit – this is Invoiced minus the Actual Cost. So the income the job has generated minus what it has cost.
Profit Margin - the percentage of profit in your selling price.
If you would like to see job financials for specific customers, job categories or staff members over a certain period you can run the job financial report from the Reports screen.