Are you charging enough for your project? The answer to this question is often unclear. However, with the cost price by order, you will be able to measure different variables influencing the cost of your project, including the initial cost (material and labour time), while taking into consideration broken items, product forgot when shipping or extra cost coming from after-sale services.
Summary
In order to analyze your cost price, open an existing order and select the ‘'Cost’' tab.
Under it, you will find three calculations:
Calculation of cost price
This calculation includes every material from each work-orders linked to this order, the labour cost (based on the estimated time per product - note that it’s only the budgeted time and not a real punched time, which is available only with the processor), and the margin percentage you’re aiming for, giving you a suggested retail price.Gross profit margin
The gross profit margin is the margin percentage you are actually making, based on the order’s selling price versus the calculation of cost price.Calculation of retail price
This calculation takes into consideration the retail price and calculates your earnings by subtracting the cost price and the appliable expenses fees.
Details
While you’re still under the ‘'Cost’' tab, you may make a deeper analysis of your cost price by clicking on the ‘'details’' button.
A new window fill open, allowing an extensive analysis of the different factors impacting your cost price, each under their own tab:
Labour cost
Labour cost break down by product and workstationMaterial cost
Material cost breakdown per productFixed expenses
Fixes expenses per product (configurable in the product or category file)Variable expenses
Selling fees per product (configuration in the product or category file)Suggested global price
The retail price suggested per product (configurable in the product file)Detail price displayed
The price displayed on the order