A method for using a computing system to ensure a desired profit percentage in a business that provides a service for fees, the method comprising:
- receiving, by at least one processor, electronic sales information, wherein the electronic sales information represents a sum of fees received for providing the service;
- receiving, by the at least one processor, electronic inventory cost information, wherein the electronic inventory cost information represents at least one of a cost of a good and a cost of an outside service that may be sold in connection with providing the service;
- storing, on non-transitory processor readable media, the electronic inventory cost information that is accessible to the at least one processor;
- calculating, by the at least one processor, a cost of goods percentage value by executing instructions stored on the non-transitory processor readable media for dividing the electronic inventory cost information by the electronic sales information;
- receiving, by the at least one processor, electronic equipment cost information, wherein the electronic equipment cost information represents a cost of equipment used for providing the service, wherein the receiving of the electronic equipment cost information occurs only in case equipment is used for providing the service;
- storing, on the non-transitory processor readable media, the electronic equipment cost information wherein the storing of the electronic equipment cost information occurs only in case equipment is used for providing the service;
- receiving by the at least one processor electronic billable labor cost information, wherein the electronic billable labor cost information represents at least a cost of a portion of at least one billable employee;
- storing, on the non-transitory processor readable media, the electronic billable labor cost information;
- calculating, by the at least one processor, a first billable labor cost percentage value by executing instructions stored on the non-transitory processor readable media for dividing the billable labor cost information by the electronic sales information;
- receiving, by the at least one processor, electronic non-billable labor cost information, wherein the electronic non-billable labor cost information represents at least a portion of a cost of at least one non-billable employee;
- storing, on the non-transitory processor readable media, the electronic non-billable labor cost information;
- calculating, by the at least one processor, a non-billable labor cost percentage value by executing instructions stored on the non-transitory processor readable media for dividing the non-billable labor cost information by the electronic sales information;
- receiving, by the at least one processor, electronic overhead cost information representing a cost of overhead;
- calculating, by the at least one processor, an overhead cost percentage value by executing instructions stored on the non-transitory processor readable media for dividing the electronic overhead cost information by the electronic sales information;
- receiving, by the at least one processor, an electronic profit percentage value representing a desired profit percentage to be earned as a function of billable labor;
- calculating, by the at least one processor, a gross margin value by executing instructions stored on the non-transitory processor readable media for subtracting the electronic inventory cost information from the electronic sales information;
- calculating, by the at least one processor, an electronic profit value by executing instructions stored on the non-transitory processor readable media for subtracting the electronic inventory cost information, the electronic billable labor cost information, the electronic non-billable labor cost information and the electronic overhead cost information from the electronic sales information;
- calculating, by the at least one processor, an electronic actual profit percentage value by executing instructions stored on the non-transitory processor readable media for dividing the electronic profit value by the electronic sales information;
- calculating, by the at least one processor, a gross margin percentage value by executing instructions stored on the non-transitory processor readable media for dividing the gross margin value by the electronic sales information;
- calculating, by the at least one processor, an electronic profit difference percentage value by executing instructions stored on the non-transitory processor readable media for subtracting the electronic actual profit percentage value from the electronic profit percentage value;
- calculating, by the at least one processor, a second billable labor cost percentage value by executing instructions stored on the non-transitory processor readable media for subtracting the electronic profit difference percentage value from the first billable labor cost percentage value;
- calculating, by the at least one processor, a billable labor rate by executing instructions stored on the non-transitory processor readable media for dividing the second billable labor cost percentage value by the gross margin percentage value;
- calculating, by the at least one processor, a fee for the service,
- wherein at least a portion of the fee is attributed to the billable labor rate and
- at least a portion of the fee is calculated by executing instructions stored on the non-transitory processor readable media as a function at least one of the electronic inventory information and the electronic equipment information, and further wherein profit realized by the fee for the service equals the electronic profit percentage value;
- and
- outputting, by the at least one processor, the fee to at least one of a display device and a printing device.