This powerful job financial summary report helps you understand where your profit is being made and potentially lost.
See your estimated costs broken down into individual tasks.
This report integrates with quotes for an automatic and accurate picture of your quoted cost.
Measure your actual costs as they come in to see if your staff are quoting accurately.
See the profit made on each job so you can make decisions on whether your quotes are too low or high.
Get all the benefits of an enterprise-grade system, without having to pay thousands of dollars. No setup fees. No upfront costs.
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If you've quoted for a job, the financial summary report is an excellent way to compare your actual profit against your estimated profit.
You can run the financial summary report at any time, at various stages in the job's lifecycle, for example, when the job has just been quoted, is in progress, or is partially or fully invoiced.
If you have set up your account correctly and entered correct time and cost information, the financial summary report will give you an accurate snapshot of just how the job is proceeding. The report always uses the latest information so you can be sure that what you're looking at is fully up to date.
The financial summary report has five columns: estimated cost, quoted cost, actual cost, billable cost and invoiced cost. Plus your profit and write up (off). So you can see how things are going and spot any areas of concern.
The financial summary report also shows you a time summary, staff efficiency, non-billable time and time to be invoiced for a big-picture view of the entire job.
WorkflowMax has a whole range of business and productivity reports to give you instant visibility into performance, workflow and profitability.
If you want to group your job costing by phase only at the job level, you can use job folders. Unfortunately, it is not possible to directly group tasks and cost items by phase at the quote stage. Contact one of our product specialists for more advice.
You sure can, but there is only ever one “master quote” on the job. So for example – if you created multiple quotes on the job then only the latest accepted quote would be referred to when creating an invoice based on the quoted value.
Yes you can! Run the report from the 'Financial Reports' menu and simply select the client and date. If you run it from the financial tab on the job however, it will show you the entire summary for that job.
WorkflowMax gives you the option of using job folders for each phase. When quoting, make use of job templates to create your quote. On your job template, you can create default folders, save the template header and then add your milestones, tasks and cost, selecting the appropriate default folder for each item.
Then, when you create your quote, all you need to do is select the first phase template and then within the quote choose Options > Apply additional templates.