Job Manager Part 2 - Financial Oversight

Job Manager Financial View

The Job Manager includes two tabs for financial oversight which lists all jobs received in the date range you choose and gives you key financial figures for jobs or jobs by departments. The formula for creating the profitability numbers in the financial view is as follows:

1. Labor cost + labor burden + sub/material cost = total costs.
2. Invoiced or initial bid or sold price - total costs = gross profit.
3. Gross profit - Net Profit Calculation - net profit.
4. (the invoiced amount has had the taxes and credit memos removed)

If linked to QuickBooks, Chronicle will have actual invoice amounts and sub/material costs from which to base the calculations. If not linked to QuickBooks, Chronicle will evaluate the gross/net profit based on sold price or initial bid giving you a projected value.

You can limit this financial report to a particular zip code or to a particular region. This lets you see how much work you have done in a particular city or county: something that can be useful for evaluating or planning your marketing.

In addition to showing key financial figures, this report also lets you highlight jobs that might be problematic from various perspectives: jobs where the gross profit percentage  is below a specified figure, where too much was spent on labor, where total expenses are too high, when the invoice is less than the budget, where there is no budget, or where a completed job has no invoice. (The radio buttons at the top right let you choose what to highlight.)

You can customize which columns you see on this report in the Job Manager Preferences on the Job Financial tab. (You get to this screen by clicking Preferences at the top right.)