Markup

In the spirit of tracking expenses and giving you a more accurate way to track your profits we’ve introduced a Markup % field for Invoice and Estimate line items.

The markup field affects any price per and flat fee you’ve entered. The original prices are only shown to you, and the “marked up” prices are shown to your clients.

Markup for Estimates

Using markup on estimates allows you to specify an estimated profit margin. If you take that estimate, transform it into a project, and bill for that project you’ll find our new Project Cost vs Profit report handy.

This report will automatically calculate your ‘job costs’ and profits based on various factors, including amounts invoiced, expensed, and markup %.

Markup for Invoices

If you’d like to invoice for products you have on hand without going through the hassle of keeping an inventory, using markup % on invoices will be extremely beneficial for you.

Simply enter what items cost in the price per field, then use a markup on those items. Cashboard will automatically track the profit you’re making.

By using our Invoice Cost vs Profit report, you’ll be able to see what types of invoices are most profitable for you.

Discount

Many customers have also requested the ability to provide discounts to their customers on estimates and invoices.

In the past we’ve recommended adding a line item, then using a negative amount in the flat fee box to give a discount. This option is still available but we’ve also provided a much more simple alternative.

Simply enter a percentage you’d like to give as a discount on the estimate or invoice. Cashboard will automatically calculate this discount and provide it to your customers.