How do I know if I need to adjust my prices?

How do I know if I need to adjust my prices?

There are different philosophies (for example, cost accounting vs throughput accounting) about how to answer that question and we have multiple tools depending on how you approach making a profit.

You will need tools to track and analyze your costs.
  • For throughput accounting, only variable costs directly tied to production (raw materials like stone and sinks) are subtracted from the revenue.
  • Cost accounting requires a tracking more costs than just stones and sinks. 
Then, you will need to know your revenue. ActionFlow tracks your revenue for you and then provides reports on your profit depending on which method you use.

Check out the report catalog for various ways to look at your job costs. 

The "Managerial Reports" is a good place to start and we have a few different Job Cost reports.