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Profit Solver
    What It can do for you
    Overview
    Labor and Production
    Employees
    Equipment
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    Services

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The company global screen will allow each company to define their current income statement, set a desired profit, and set a global production factor. Ultimately, it can be used to project prices based on changes in desired profit, changes in overhead, changes in employee salaries and benefits, and changes in billable time.

When inputting a current yearly income statement, Profit Solver breaks out expenses into 3 categories: Billable labor costs (direct labor), non billable labor costs (indirect labor) and overhead. It is your billable employees who get charged out for to cover expenses and profit. One principle behind Profit Solver is that by deciding what profit you want to achieve, you can determine how to charge out your billable employees. By setting a desired profit, Profit Solver will recalculate the billable employee % in every labor dollar billed out to cover all other expenses and attain your desired profit.

 

Another principle behind profit solver is setting the billable hours for each employee. On the global page you will set the default for all employees which can be over written at the employee level. The productivity factor is a multiplier that adjusts the cost per billable minute for each billable employee for non-billable time. The employees productivity is the amount of billable time out of a given work period.