Cost and Markup

Estimating and Tracking Project Profitability in Jaket

Jaket offers a comprehensive approach to estimate and track the profitability of your projects. By utilizing the platform's features—such as Cost and Markup on Line Items, Cost Allocations, and Timecards—you can maintain financial control and forecast project success with accuracy. Here's how to leverage these tools effectively:

Cost and Markup on Line Items:

• Cost Field: Use this to enter the actual cost of a Line Item to your organization. This figure should reflect the direct expenses associated with the delivery of a service or product.

• Markup Field: This is where you add your desired profit margin over the cost. Jaket calculates the total amount by adding the cost to the markup.

• Total Calculation: Jaket automatically computes the total amount for each Line Item by combining the cost and the markup. This total helps you understand the revenue generated from each Line Item.

Both the cost and markup fields are designed for internal visibility only. They are not client facing.

By using Jaket's robust financial tools, you can ensure that every aspect of your project's profitability is carefully estimated, tracked, and analyzed. This level of financial oversight empowers your team to make informed decisions, adjust project strategies as necessary, and ultimately drive the successful and profitable completion of projects.