Description
Finally, an app for contractors of all trades for monthly progress billing, reporting costs to clients with each progress invoice, tracking budget against actuals, tracking profit and much more. Developed for Windows 8, True-Profit enables contractors like you to stay on top of project costs like never before. For example, starting on the app home / hub page, the True-Profit app crunches the numbers and provides you with the most important project info that you want and need for each project at your fingertips: How much over or under budget are you? How much money is the project making or losing? What is the total of the changes to date? How much do you have left to spend in your budget? True-Profit answers these questions for you in a matter of seconds. Moreover, you can impress your clients by providing them with the package of easy-to-read professional cost reports that True-Profit produces for you with each progress invoice. Download and start using True-Profit for free today. Note that the app will function as a full-featured version for one month for FREE, after which the app will function in a reduced-featured mode as several of its features will have expired. However, you can easily reactivate these features and use the app as a fully-featured version via its two in-app purchase offers. For example, you can buy a month license and use the full-featured version for one month with the option to renew after 30 days. On the other hand, you can save money over time by purchasing a one-year license and use the full-featured version for a full year (365 days). Download today and start using True-Profit for project cost control, cost reporting, and progress invoicing in both your time & materials (cost-plus) and lump-sum / fixed-priced projects.
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Progress billing for both Time & Materials (Cost-Plus) projects and Lump-Sum / Fixed-Price projects
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Cost reporting - produces the progress invoice along with a suite of cost reports for each progress bill.
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Cost control - Track estimated costs against actual costs (calculates budget variance, profit margins, balance to complete, percent complete)
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Track profit in dollars and profit margins for each item in your original budget estimate for total work completed
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Track change orders and extras
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Apply holdbacks
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Set markup rates
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Create custom Labor Categories (e.g. Journeyman, Carpenter, Foreman, etc.) and assign employees to a labor category
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Set custom Charge Out rates for each labor category (e.g. Journeyman, Carpenter, Foreman, etc.) for a project
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Labor Burden Calculator – calculate your employees’ true hourly cost; labor burdens will be used in part in calculating a project’s true profit.
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Track total costs to date, current costs (current progress bill), and previous costs (previously billed costs)
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Track 5 cost types: time, materials, subtrades, inventory/rentals, other/misc. costs, and construction management fee
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Eliminate duplicate data entry; import materials invoices from your accounting software into True-Profit via csv files; import hours worked / timesheets into True-Profit via csv files.
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Export progress invoice and suite of cost reports to pdf files, so that you can email the invoice and package of cost reports to your client
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Create custom original budget estimates / original contract estimates for each project
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Create custom estimate templates
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Set an estimate template as a default for each new project; customize estimate for each specific project.