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Term | Definition/Calculation | ||
|---|---|---|---|
| Value Sum of addition price for all agreements If annual, monthly value is from Total Value divided by 12 If monthly, with addition price, Value = addition price | If, then Value = Addition Price = Quantity * Unit Price | ||
| Billed | Sum of (Actual Quantity * Unit Price) for all invoices within selected date range | ||
| Addition Costs | Sum of (Actual Quantity * Unit Cost) for all invoices within selected date range | Billed | Total billed of invoices |
| Profit | Billed - (Addition Costs + Labor Costs) | ||
| Margin | Profit / Billed | Addition Costs | Product cost for an agreement |
| Actual Labor Hours | Total recorded hours for an agreement | ||
| Effective Rate | (Billed - Addition Costs) / Labor Hours | ||
| Contribution Rate | Profit / Labor Hours | ||
| Ave. Hourly Labor Rate | Average of all hourly labor rate of all active technicians with a work type tagging | ||
| Target HoursTarget | Budgeted hours to achieve a certain profit marginthe Target Total Cost Margin %, which can be set in the ConnectWise Settings for App Packages dashboard. |
Agreement Profitability - Summary Dashboard
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