How do I set up the required margins?

Setting a required margin can ensure you hit your profit goals.

Required Gross and Net margins are set through the use of Budget Templates.

To create a template:

  • Click on your Profile Icon or initials in the top right corner
  • Select Settings from the drop-down menu
  • Within the Settings menu on the left, open the Budget tab

Budget - Budget Template Settings

This will bring up your Budget Template.

Budget - Budget Template

In your Budget Template, you can:

  1. Set a required Gross Margin. This will set a base margin for the difference between the revenues and the cost of goods sold. JobNimbus will warn you if a Budget you create is less than the required Gross Margin you add in your template.
  2. Set a required Net Margin. This will set a base margin for the residual earnings left after all expenses have been deducted from revenues. JobNimbus will warn you if a Budget you create is less than the required Net Margin you add in your template.
  3. Add Budget Line Items. These line items will be added to every single Budget you create after updating the template. You can add more than one line item and reorganize them by clicking each line item and dragging it.
  4. Add Commission Line Items. These commissions will be added to each Budget after updating the template. You can add more than one commission line item and reorganize them by clicking each line item and dragging it.
  5. Update your Budget Template.

If you need to update a line item after updating your Budget template, click on the "Edit" button to the right of the specified line item. Or, you can delete it by clicking on the "Delete" button. 

Learn about what happens when the margins in your Budget do not meet the requirements you've created here.