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Adding your COGS - Subcontracting

The purpose of this article is just to give you a quick overview of the subcontracting tab within your LMN Budget.  For a complete tutorial, we strongly recommend you watch our onboarding videos - specifically Step #2 under LMN's Budgeting & Estimating 5 Step Onboarding. 

 

 Subcontracting Information

  • We suggest adding your Subcontract Expense in by type of work (ie. Gas + Electrical, Fences + Decks, etc).

  • The key number in the subcontracting budget is the Forecast which will indicate your Forecast for the budget year. Your Previous numbers would be from the year prior.  

Subcontracting Tips

  • Make sure you're forecasting enough subcontractors to keep up with your forecast sales goal (e.g. if you're forecasting more sales than last year, you might(?) need more subs). 
  • If you had a special circumstance last year where you used far more (or far less) subcontracting than ever before, don't budget for the same % of subcontractors unless you think that special circumstance is going to happen again!

 

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