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Profit & Loss Calculator [Free Download]

Don't rely on luck when it comes to making a profit on your next job.

Check out our top tips for staying ahead of your profit goals

Just in time material purchases

Avoid stocking up the van and order what you need. That's not always practical though, so make it a habit to regularly check the stock in your van and return unused materials.

Know your numbers

Get you head around your gross profit, gross margin, markup, P+L, DSO. The better you know your numbers, the better you can grow them.

Invoice as soon as possible

Murphy's law says that the longer you wait to invoice the long your customers will take to pay. Invoice quickly to steer clear of late payments.

Avoid a loss leader strategy

You may win more business initially by undercutting your competition, but you'll soon find that you need to compromise the quality of your work. Or worse, you can't cover your costs. Instead, focus on fair pricing that allows you to do a quality job. A loss leader strategy is a race to the bottom.

Learn the science of selling

It can be hard to change tact from being on the tools to but it's necessary to keep customers coming in. The science of selling will help you to stand out in a competitive market, and improve client relationships.

Get the right tools to support you

Paper job cards, spreadsheets and Google calendar can help you manage your day to day work but it's a lot of data entry and double handling. Find a job management software that can streamline your work and make it easier to keep on top of your finances.

Frequently Asked Questions

 

20,000 Tradies Trust Fergus

"By adopting this system we are now seen as professional and progressive in our town"

Daneil Gunther, Owner
Levin Heat Pumps & Electrical

"We got onto Fergus and in just one quarter we smashed an extra 20-30% onto our sales through sheer organisational-efficiency."

Duncan Leask, Owner
J.T. Carters Plumbers

"Such a great program, it has literally cut my office time from 1 day per week 1 day per month. Can't recommend it enough!"

Blair Findlay, Owner
RLS Electrical

"I love that everything is only a click away. Job costing and invoicing is extremely easy and can be done every day."

Ben Davis, Co-Owner
KVA Group

"The customer support is epic and I love using the software. It's been a game-changer for me."

Luke Smith, Owner
Smith Brothers Building
Rated 4.5/5 (from 150+ reviews)

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