Job Profit Projections and Percentages

The general profit of a job can be monitored by the Projected Profit value found in the Budget tab of a job.

The Projected Profit amount is calculated using the following formula:  

Budgeted Income Total or Actual Billings (whichever is greater) - Total Budgeted Cost or Actual Costs + Overhead + Committed (whichever is greater) = Projected Profit

Depending on totals, one company's projected profit could be Budgeted Total Income - Total Budgeted Cost and another company's projected profit could be Actual Billings - (Actual Costs + Overhead Costs + Committed Costs). Review Committed Costs for more on committed costs vs. actual costs.

The Projected Profit label will change to Profit when the status of the job is set to Completed or Closed. The job status setting is found on the General tab of the job.

The Job Profit report is a useful job list to compare the projected profits of a group of jobs. Go to File > Reports > Job Costing > Costs/Profits >Job Profit to open this report.