We upgraded the costs overview in the Financial tab of your projects. Now it's easier to keep track of your costs, revenues, and margins while planning a job.
Estimated, Planned, and Actual costs
Before, the columns for Estimated, Planned and Actual costs were only showing data about Sale equipment and Crew costs. With our latest update, they now also show the costs of your subhired equipment. So you now have a complete view of costs throughout your project.
How are these costs calculated?
- Estimated costs: this cost is based on the Subhire price in your database, times the pieces in shortage for this project.
Example: you have 10 pieces of ItemX, and the subhire price in your database is €5. You plan 20 ItemXs, so you have a shortage of 10. The Estimated cost will then be: €5 times 10 (shortage) = €50
- Planned costs: this cost is based on the Subhire price in your database, times the number of pieces you have already subhired.
Example: you know a supplier that will give you 5 ItemXs, so you create a subhire for 5 out of the 10 ItemX you are short of. The Planned cost will then be: €5 times 5 (already subhired) = €25
- Actual costs: this cost is based on the actual price you agreed with the supplier, times the number of pieces you subhired.
Example: you contact your supplier, and he offers you a better deal than you were expecting: €4 per piece, so you decide to subhire everything from him. The Actual cost will then be: €4 times 10 (the whole shortage) = €40
The Profit/Margin column is the new protagonist of the Financial tab. On this column, you can see how much you are actually earning from equipment, crew, transport, and in total.
Simply click on the column header to switch the view between Profit (in digits) and Margin (in percentage).
This feature is included in version F117 / B127 of Rentman.