Managing Product Financials

Track firm costs, client pricing, freight, fees, profit, and variance for individual products.

Written By Gemma DeMasi

Last updated About 1 month ago

Workroom includes advanced product financial controls designed for procurement, profitability tracking, budgeting, and client-facing pricing.

Each product contains both firm-side and client-side financial calculations.

Accessing Product Financials

  1. Open a product

  2. Click the three-dot menu

  3. Select Financials

Firm Costs

  • Unit Cost

  • Vendor Discount

  • Vendor Tax

  • Receiver Cost

  • Landed Costs

Client Costs

  • Markup

  • Margin

  • Sales Tax

  • Budget

  • Client Totals

Freight Fees

  • Freight Flat Fees

  • Freight Percentage

  • Freight Markup

  • Shipping Taxes

Additional Fees

  • return costs

  • sample fees

  • shop drawing fees

  • miscellaneous operational fees

Financial Summary

  • Firm Total

  • Client Total

  • Profit

  • Variance

Best Practices

  • update procurement costs regularly

  • verify markup and margin strategy

  • track freight separately from product cost

  • use variance tracking during budgeting