A. EXPENSES

The Expenses table of the Forecast Report gets populated automatically with expense submissions through the Expense Form. It also displays your budget for your Project Breakdown and computes for your Gross Profit automatically. To know more about this tab, just click here.

1. With the new Date Filters in the Expenses tab, you can now forecast or estimate your expenses either weekly, fortnightly, or monthly.

  • Select the Start and End Dates using the Date Filters.

  • Input your estimated expenses for each of your subcontractors under the Estimated Subcontractor Contract Price column.

  • The running cost for each of your subcontractors populates the Current Cost column automatically as you select Start and End Dates in the Date Filter.

You can now monitor your running costs against your estimated costs for each of your subcontractors.

  • Just add more of these date-filtered columns as you need by clicking the Add button.

2. You can now also create Quick Purchase Orders within Cost Centres.

  • Just click the +Quick Purchase Order button within the Cost Centre and fill out the Supplier/Contractor Purchase Order form then Save.

  • Your Purchase Order will then reflect under the Cost Centre you added the Purchase Order from.

  • You can move the Purchase Order you created to the Purchase Order and Subcontractor Agreement table below the Expenses table by clicking the Move Back PO button.

═════════════════════════════════════════════════════

B. LABOUR

The Labour table of the Forecast Report gets populated automatically with timesheet submissions through the Timesheet Form. The Rate column is also pre-populated with the Cost Rate that you provide for each of your employees through the Contacts form. To know more about how this table works, click here.

With the update, you can now choose between estimating for your labour costs in Total or by weeks, fortnights, or months.

1. Estimating Total Labour Costs

  • Input your Total Estimated Hours for each of your employees under the Estimated Total Hours column.

  • Your Estimated Total Cost is automatically computed based on the Estimated Total Hours and Rate you provided for each employee. Click on the amounts to see calculation.

  • You can monitor your Current Labour Cost against your Estimated Total Cost for each employee.

2. Estimating Labour Costs weekly, fortnightly, or monthly.

  • Select the Start and End Dates using the Date Filter.

  • Input your Estimated Cost for each of your employees within the period you set in the date filters under the Estimated Cost column.

  • Your Current Cost column gets populated automatically based on the dates you provide on the Date Filters.

You can now monitor your running costs against your estimated costs for each of your employees.

  • Just add more of these date-filtered columns as you need by clicking the Add button.

═════════════════════════════════════════════════════

C. PROJECT OVERHEADS

This is a new feature to Small Builders’ Forecast Report. You can add your project-specific overheads in this table to have a more accurate computation of your Net Margin. Below is an overview of the feature. Click here to know how this table works in detail.

1. Input your overheads under the Project Overheads Name column.

2. Select a unit and input the cost of your overheads per unit in the Unit and Rate Per Unit columns.

3. Estimate for your overheads through the Estimated Duration and Estimated Amount columns.

4. Input the actual details of your overheads on the Actual Duration column.

5. Your Actual Amount is automatically computed. Click on the amounts to see the calculation.

═════════════════════════════════════════════════════

D. PROJECT FINANCIALS

The Project Financials table summarizes all the data that you provided in the first three tables - Expenses, Labour, and Project Overheads tables. It displays your Net Margin for your project. You can view it instantly to determine whether or not you are making a Profit. To know more about how this table works, just click here.

Did this answer your question?