Say Goodbye to the Hassle of Profit Calculations: See Your Profitability Instantly with the Smart Budget Calculator!
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2 min read
For event (wedding) planners and venue sales teams, calculating budgets can become a huge time-consuming task as they manually input every line item and update all the numbers with each change.
And as the number of guests increases or the client’s budget changes, all the calculations need to be done from scratch again.
With ivently's "Smart Budget Calculator," all of these calculation processes are automatically updated in seconds! Once you create a new project, simply enter the number of guests in the Budget Card, and the costs, selling prices, and profit calculations will be automatically reflected across the table. You won’t have to deal with individual formulas or manually update each row anymore!
You can input the purchase price and profit margin (either as a percentage or a value) and instantly see the sales price. Additionally, you can toggle each budget item on and off to create different pricing scenarios and easily choose the most profitable option.
Once you've set up the table, when you click "Transfer to Proposal," all sections you don’t want your client to see are automatically hidden. This way, your client will only see the sales price, sub-details, or just the total amount based on your preference.
The budget for each project is reflected in the statistics, so you can track the financial status of all your projects on a single screen. When you go to the projects' main page, you can see the profitability or potential losses of the jobs you've won or are likely to win, through statistics, allowing you to monitor your financial health in real time.
It’s time to turn the time you spent calculating budgets into profit!
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