Job Profit Calculator
Use this job profit calculator to compare quoted price, estimated cost, and actual cost so you can see where money is leaking out of a job.
What This Calculator Does
This calculator shows expected profit and actual profit on the same job. It helps you compare what you thought would happen against what really happened once the work was finished.
How to Use
- Enter the quoted price.
- Enter the estimated cost.
- Add the actual cost once the job is complete.
- Compare estimated and actual profit.
Example
If you quoted $12,500, estimated $9,200 in cost, and finished at $10,400, you can instantly see how much profit leaked out of the job.
Why This Calculation Matters
Tracking job profitability is one of the fastest ways to improve quoting accuracy. It shows whether labour, materials, or scope creep are eating into your margin.
Common Mistakes
- Only checking bank balance instead of job results.
- Not updating actual costs when the work finishes.
- Ignoring small overruns that repeat across jobs.
- Reviewing profit too late to learn from the job.
FAQs
Should I track actual costs on every job?
Yes, especially while building your pricing system. Actual results teach you where your estimates are weak.
What if I do not know the actual cost yet?
That is fine. Use the estimate first, then update the actual figure when the job is complete.
What counts as good profit leakage?
Small differences are normal. Bigger gaps usually mean your estimating or scope control needs work.