Analyze completed jobs to see if you made a profit or loss
Amount invoiced to customer
Wages paid per hour
What you paid for materials
Subcontractors, permits, equipment hire, etc.
Many trade businesses are busy but not profitable. Tracking each job helps you understand which work is worth doing.
They're the same profit, measured two ways. Say a job costs you £600 and you charge £1,000:
67%
£400 added on top of your costs. It's what you add when you price a job.
40%
£400 kept out of the £1,000 price. It's what's left after the job is paid for.
The outlined part is what the £400 is measured against. That's why the percentage you add is always bigger than the share you keep:
| Add to your costs | You keep from every £1 |
|---|---|
| 25% | 20p |
| 50% | 33p |
| 67% | 40p |
| 100% | 50p |
ProWorks shows markup on quotes, invoices and the dashboard, since that's how most trades price materials and labour.
Aim for a 30-40% profit margin (a 43-67% markup on costs) on small jobs and 20-30% on larger projects (a 25-43% markup). Lower margins are acceptable on very large jobs with predictable costs.