Setting up a budget worksheet in SynkedUP

1. Click "SETUP"

2. Click "System Setup"

3. Click "Budget Worksheets"

4. Click "New Worksheet"

5. Click the "Budget worksheet name" field.

6. Give this budget a name

7. Enter your field employees. Start by entering their role.

8. Then their name.

9. Then their hourly rate.

10. Enter the total number of hours you are going to pay them.

11. Enter how many of those hours are unbillable.

12. Enter how many of the total hours are overtime.

13. Enter any bonuses.

14. Click "Salaried Employees" and enter any field employees who are on salary.

15. Click "Materials"

16. Name the Materials category

17. Enter the amount you expect to spend on materials.

18. Click "Equipment" and enter all of your equipment.

19. Click "Leased" and enter any leased equipment.

20. Click "Miscellaneous"

21. Click "Subcontractor" and enter any anticipated subcontractor costs.

22. Click "Overhead" and enter all of your overhead costs.

23. Click "Overview"

24. Click this field and your desired profit margin.

25. Decide where you want to recover your overhead. (We typically recommend 10-20% on materials and the rest on labor.)

26. Click "Apply to budget" once you have everything how you want it.

27. Click the year you want to apply it to.

28. Click "Save" to activate your budget throughout SynkedUP.

If you have any questions, please don't forget to use our chat box in the lower right-hand corner of your screen. We will be more than happy to help you.
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