Managing Product Financials

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

Written By Gemma DeMasi

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