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The difference between the starting forecast profit and the current forecast profit shown in the job budget
The difference between the starting forecast profit and the current forecast profit shown in the job budget

Always know your profit figure for each job, taking into account variations and changes in estimated costs

Updated over a week ago

The two figures highlighted in the job budget below are important figures to note.

Starting Forecast Profit - This is the original estimated profit displayed as a percentage and a $ figure. This amount only accounts for the original accepted estimate for the job. For example - Estimate $495,478 with a 30% markup, Starting markup = $141,143.

Current Forecast Profit - This is the projected amount of profit taking into account the accepted estimate and variations and gains/losses on the job. This amount is displayed as a percentage and as a $ figure. For example, if you create a loss on your timber costs of $25,000, the current forecasted profit will decrease by $25,000, or 6.56%.

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