budget overhead recovery express budgeting LMN Express Budget

Create a Budget in under 5 minutes!  The purpose of the Express Budget is to save you time and allow you to do what you love faster - estimate. 

You'll notice when creating an LMN Budget, there are two options - Operating Budget or Express Budget.  This article will walk you through how to create an Express Budget.

Follow these simple steps to create an Express Budget:

Step 1:

  • Log into LMN Estimating and select the Budget tab.
  • Click +New to create a new budget for your company.
  • Select Express Budget and click the OK.

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Step 2

  • Review your Budget Info and choose from the 3 overhead recovery methods.  
  • LMN typically recommends MORS - Multiple Overhead Recovery as it recovers your total overhead expense over all the items that you sell - Labor, Equipment, Material, and Subs.  To learn more about Overhead Recovery, in order to select the best method for your business, please click HERE.

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Step 3

  • Enter your desired profit margin percentage and note, you can adjust your profit margin in the Item Catalog, on an entire Estimate, by Work Area or line item if needed.

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Step 4

  • Activate your Express Budget and mark as your Standard and/ or Service default Budget if applicable.

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