Find out how profitable a job really was.
Enter what you charged, the time spent on the job and what that time cost you, then add materials and any other expenses. You'll see how much profit the job made and the profit margin you achieved.
Worth knowing
Use what an hour of your time actually costs the business, rather than the hourly rate you charge the customer. The aim is to see what was left after paying for the time spent on the job, as well as the materials and other costs involved.
Include the smaller expenses as well as the obvious ones. Parking, congestion charges, skips, extra journeys and other unexpected costs can quickly eat into what looked like a healthy profit when you first priced the work.
It’s worth doing this for successful jobs as well as the ones that caused problems. If a certain type of work regularly produces a low margin, you can use that information when you price the next one.
This calculator gives you a clearer picture of how an individual job performed. It’s a guide rather than financial advice, and the result is only as accurate as the costs and time you enter.
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