A Builder Gain / Loss is any change to a cost item after the contract is signed that is not a customer variation. Gains increase profit, losses reduce profit.
To create a Builder Gain / Loss, navigate to Jobs > Job Financials > Budget and select the relevant line item(s).
Click the Gain / Loss button to open the pop-up menu and enter a Description and Reason, then click Create. Once you create the Builder Gain/Loss, you’ll be taken straight to the Builder Gain/Loss tab to finalise the details. Enter the Quantity and adjust the Price Variance, then Save.
The UOM and Price Variance will auto-fill based on the original cost item in the budget. To record a Gain, enter a negative number in the Quantity field, showing the system you’re expecting a saving on that item. Entering a positive number will create a Loss, adding extra cost to the job and reducing the expected profit.
Once you have created your Builder Gain/Loss, this will be reflected in your job budget next to the line item.
Customise your Builder Gain/Loss Reasons
To customise your Builder Gain/Loss Reasons, navigate to Settings > Data Setup > Budget Gain /Loss Reasons. Entering the Reason for the gain/loss will allow you to run reports to identify the total value of gains or losses for a particular reason, e.g., supplier price increases.
