ProfitGenie

ProfitGenie feature enables you to :

1. Create a new estimate from scratch
2. Upload an existing estimate
3. Profit reports based on 'What If' analysis of 
4. Material prices
5. Labor wages and hours 
6. Time-based cost items 
7. Percentage based cost items 
8. Manage profit at every step of the project

Let's look at each of the items in detail

1. Create an estimate from scratch

HOW IS THE ESTIMATE FEATURE SET UP

Introduction creating an estimate :

The estimate format is  categorized into 

1. Project Item: Work item which is the cost of materials, labor, subcontractor, etc 
2. Time-dependent: All costs types, based on duration. Ex: Rentals, Staff salaries, etc
3. Cost dependent: All cost types, based on % over the Project Item or Time-dependent  

Each of the above items is further added into two sub-items, 

Subitems have Unit of Measure, Qty, and Unit Price

The first step of the estimate will be the Base estimate or 'Estimate'

Keep adding the Project Items, Subitems.

Select the Unit of sub item, Qty, and Unit price.

Adding Time-dependent 

Add description, Name and the number of periods ( months, weeks or days ) and the unit cost. This will provide the total cost of this item

Cost dependent 

Add a description of the item name and then select all the Project Items from the drop-down list that are to be applied with this % of the item.

Keep on adding all the items that are to be included.

Typical items are Tax on Materials, Overheads, Profits, 

Click Add New Item 

After adding the Work items, add sub items like Materials, Labour, Equipment etc as sub items with Qty, Unit price.