Skip to main content
All CollectionsUtilizing Wecora for Profitability and Budgeting
Your profits are auto-calculated for you while you are being creative!
Your profits are auto-calculated for you while you are being creative!

Utilize the Profit and Loss Report to see how Wecora calculates your profits as you add items to boards

stephanie dixon avatar
Written by stephanie dixon
Updated over a week ago

You are doing what you do well, being creative! You're dragging and dropping items to boards and adding in prices for those items. And while you're doing that, guess what Wecora is doing in the background? Calculating what your profits are looking like! This way, you know if you need to mark up items more to hit your goals for profitability within a certain project.

To view what a board's profit is looking like at any time, click DETAILS in the top, right bar above your board. This is where "live budgeting" is happening automatically as you work.

How are profits calculated? Wonderful question. This math is happening by subtracting your costs for any given board item (your costs = the UNIT COST you've entered for any board item)....

*unit costs can be changed by clicking any board item, then clicking the PRIVATE tab (unless you've already opted to make this field visible, then it will be on the VISIBLE tab).

...From the SELLING PRICE you've entered for that same item.

*change selling price any time by clicking on a board item or clicking the three dots above the item>EDIT ITEM.

SELLING PRICE - UNIT COSTS = PROFITS $$$$

Now the next question we get asked alot is this. Can my clients or those I've share boards with see this profit and loss report? No way! Not a chance. Na-da! This is for your eyes only.

We know you love what you do because you are creative, but ultimately your job has to also be profitable. This calculation of profits along the way with "live" budgeting will hopefully keep these numbers on track!

Did this answer your question?