Profit Solver Overview

The example shown is for a painting business, but any service business will have the same cost areas: Employees, Equipment, Inventory and Service. An overview of any service shows all billable employees, any equipment used, and any inventory used. Each employee is considered a profit center. Each employee is charged out with their own labor rate to cover all expenses associated with that employee, their percent of all other expenses the company incurs, and their percent of profit. The equipment shown is charged out to reimburse associated overhead, pay for maintenance and supplies, and ultimately replace the equipment. The inventory is charged out to cover inventory costs plus a markup, offsetting cost of goods.