If you have 1 company budget, but a different target profit margin for your two divisions, you can do this in two ways.
Let's assume that you have a maintenance division and an install division. You want to target 5% net profit for your maintenance estimates and 15% net profit for your install estimates. Here's how to do it.
1. The Long Way -
- you keep 1 budget and your set your net profit margin to either 5% or 15%. If most of your estimates are install estimates, you'd set your budget to 15% profit to minimize changes.
- When you do install estimates, it will automatically default to 15%. No action needed.
- When you do maintenance estimates, you'd set use the Set Profit button to override the profit to 5%.
2. The Short Way.
- Make your company budget. Call it the Install Budget. Set its net profit to 15%.
- Use the Copy button to copy this budget and create a new budget called Maintenance Budget
- On the Maintenance Budget, drop your sales goals until the budget's net profit margin is 5%
- Save your new budget (the Maintenance Budget)
- Now you have 2 budgets - one for estimating install, one for estimating maintenance. Let's setup the default budget for both divisions so you don't have to change anything when making an estimate
- Click the Estimates menu
- Click the Settings menu option
- Set the Default Standard Estimate Budget to your Install Budget
- Set the Default Service Estimate Budget to your Maintenance Budget
- Click Save to save changes
- NOTE: EACH USER MUST REPEAT STEPS 7 THROUGH 12, AS DEFAULT BUDGETS ARE SET ON A PER USER (not PER COMPANY) BASIS