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profit margin in the project I have is 13.1 % not 15.1 % even tho i set it to 15.1 %
I appreciate the screenshot that shows the profit margin, 5312796.
I'd like to ask how you set the 15.1%. The profit margin is automatically calculated by subtracting the cost (د.ع11747500) from your income (13518125د.ع). Then, the total is divided by the revenue and multiplied by 100. Using this formula, QBO was able to arrive at a profit margin of 13.1%.
For more in-depth information on this topic, you can refer to the following resources:
To ensure that the profit margin is calculated correctly in QuickBooks Online, it's recommended to check if there are any missing sales transactions in the projects. You can review the Project Profitability Report to review the data. Here's how:
In case you need more resources when working on your projects, I also want to share these articles with you:
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dear jenop2
thank you for the clarification I have been confused between the Markup and the profit margin
since I set up the Markup of my expenses to 15 percent I thought the profit margin is also be set to 15 percent That was my mistake in understanding the difference between both.
Thank you for your help!
It's a pleasure to have you here again, 5312796.
I'm happy to hear that my colleague @jenop2 was able to help with your concern. Please know that you're always welcome to post in the Community space for any QuickBooks concerns you may have.
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