Margin Calculation
The Margin Calculation feature allows users to assess the profitability of a completed invoice by calculating the cost-to-revenue margin. This calculation, which occurs after the invoice is closed, provides insights into the estimated costs, revenue, and net profit, displayed as a percentage. This margin data can be viewed both on the invoice and on the Job Page, giving a clear understanding of the financial outcome of each job or service. By tracking margin performance, businesses can make informed decisions, adjust pricing strategies, and improve resource allocation for better profitability across projects.
Prerequisites: Authorised Users.
Instructions
On The Invoice
- After the invoice is closed, the margin will automatically be calculated and be displayed on the right side of the invoice.
On The Job Page
- On the job page, margin will be visible in the Billing Summary.
