Tracking the amount of money spent by your company on a Project is a critical piece of information when calculating Profit on a job. The Project page has a specific section dedicated to tracking Project Costs.
Creating a new Project Cost
The New Project Cost page will load. For each new Project Cost make sure to fill out:
Type - the kind of cost incurred for this Project. The out-of-the-box Project Cost Types are:
|▪||Install Employee Labor|
|▪||Percent Contr Price|
Incurred - the date this cost was acquired by your company.
Amount - the dollar amount of the Project Cost.
Memo - any notes or comments about the cost. NOTE: this field is reportable and may be very useful in understanding any specific circumstances surrounding this Project Cost such as the Staff member who performed the work.
Payment Type - the form of payment used to cover this Project Cost.
Click on the 'Project Cost ID' to go to the Project Cost record to make any changes.
The 'Project Cost Total' field displays the sum of all Project Costs added to this Project.
The 'Profit' field displays the Sold Price with all Project Costs subtracted.