What did your last job really make?
Put in what your last job brought in and what it cost. See what it cost line by line, what it made, its margin, and what to charge for the next one.
Worked out in your browser. Nothing you type leaves this page.
Put in the job's figures, and the answer below follows them.
What it made
Worked out for what you charged $1,800.00, crew hours 6, an hour of crew time $45.00, your own hours 4, an hour of your time $60.00, materials $380.00, other job costs $55.00, the margin you aim for 25%.
This job made $855.00: a 47.5% margin.
What it cost
- Crew time $270.00 6 crew hours × $45.00 = $270.00
- Your own time $240.00 4 of your hours × $60.00 = $240.00
- Materials $380.00 As you put it in: $380.00
- Other job costs $55.00 As you put it in: $55.00
The job cost $945.00.
- Made
- $855.00
- Margin
- 47.5%
- Markup
- 90.5%
- Your time came to
- $273.75 an hour, with the profit
What to charge for the next one
At a 25% margin, the same job is $1,260.00. That is $540.00 less than you charged.
What the cost leaves out
The cost counts the job alone, as SMG Tools counts a job: the time, the materials and what you paid others for it, and no share of your truck, your insurance or your office. The margin is what has to pay for those, and for the business's own profit, so a margin that looks healthy here still has those to cover.
Your own hours are on a line of their own because they are the cost most often left out. Leave them out and every job looks profitable; count them at what you would pay somebody else, and the profit is what the business made on top of paying you.
Every job, as it runs, in SMG Tools
SMG Tools works this out for every job without anybody typing it in: the crew's hours from their time, the materials from the receipts and parts on the job, against what the job was paid, the same way as here. It ranks every kind of work you do by what it made — which kinds of work make money — and says what to charge to make your target margin.
Try it on your own jobs: Pro is free for 90 days, or see every free calculator.