The Job Profitability Report helps you analyze your company data (including jobs, timesheets, pricing, etc.) so you can clearly see which jobs aren’t profitable. Ultimately, it’ll help you keep your profitability right where you want it to be.
To access this report, navigate to the Sitemap View and click on the “Job Profitability Report” link.
Setup
First, set up a default target hourly rate for your employees. This is how much you expect each employee to generate while working on your jobs.
The system will estimate the earnings from each job, and use that to determine how much time you should spend on these jobs to maintain profitability (time budget). This report will show you which jobs are taking more time than their target time budget. In order to maintain profitability, you should look to reduce the amount of time spent on these jobs or raise your prices accordingly.
* If you are not generating your invoices from your jobs, this report may not be accurate.
You will see which jobs have exceeded their time budget as soon as you generate the report.
How is time budget calcualated?
Estimated earnings for a job / Target hourly rate = Time budget
How is time logged calculated?
Yardbook will find all the timesheets recorded for a job, and add up the hours.
Advanced Settings
You can specify a different target rate for each employee, giving you additional control and accuracy while generating this report.
Display time budget on the job page
Enable this option to display the time budget in the Job Details Page.
Automated Alerts
Enable automated monitoring and receive a profitability report daily or weekly via email.
Exclude Material Costs and Focus on Labor Costs
If you wish to exclude material costs from the estimated earnings used in the calculation, you can achieve this at the product level. Navigate to your Product Catalog, select the product associated with this material, and add the word “material” to the category field.
Any product categorized with a value that includes “material” will be omitted from the calculation, enabling you to concentrate solely on labor costs.