What Is Net vs. Gross Profit?

Budgets can calculate the anticipated profits of your projects.

When you create a Budget, JobNimbus will calculate both the Gross and Net profits. You will see your profits displayed in the Budget as both a percentage and a dollar amount.

  • Gross profit is calculated by subtracting the cost of your Products from the total price at which you are selling the service. This amount can either be entered manually or pulled from an existing Estimate.
  • Net profit is calculated by subtracting additional expenses, such as commissions, from your Gross profit.

The Gross profit will display underneath the "line items" section and the Net profit will show at the bottom of the "Commissions" section.

Check out this article to learn how to set required margins.