There is no guess work with Built2Bill.  Just input your costs, e.g. cost of materials, your rent, your electricity, your salaries, your transport into the spreadsheet and it is automatically computed for you for each product.  It instantly shows you how to calculate your markup and margin based on figures you input as shown below. 

It also helps you compute how much you should charge extra for each product to cover costs you did not plan for such as your machines breaking down unexpectedly or buying a new machine so you can start saving towards them on each outfit.  These are termed Miscellaneous Costs. 

The reason why all your income seems to disappear at the end of the month is because you have not billed for unplanned expenses like your machine suddenly breaking down. If you have to fix your machine, you haven't planned for them so you dip your hands into your 'profit' and there is nothing left.  Most of what you have billed has been used to buy the products needed to create the product. 

Built2Bill factors all this in and suggests a selling price which you can decide to bill your customer.  BUT you can decide not to bill them that figure but give them a discount.  The beauty about Built2Bill is that whatever price you sell the product, it will instantly show you if you will make a profit or not as shown in the picture below.

Anything in red shows that you will make a loss if you bill that price. Meaning, you will literally spend your own money to complete that work, either in direct or indirect costs. Another reason why you probably have nothing left over at the end of the month.

Built2Bill Price Calculator also helps you with a sales target plan as seen in the picture below.

It is a sales target calculator which shows you how to set sales targets. Based on that particular product, Built2Bill shows clearly how many units you must sell in a month to cover your costs before you start making a profit. This is known as the breakeven point.

So essentially Built2Bill helps you calculate break even sales and break even quantity automatically based on the price you have billed. 

And that's not all.

If you give your customer a discount, Built2Bill will also calculate the break even sales and calculate the breakeven quantity for you. 

So in this example, if you had charged 18,714.58 (plus tax), you would need to only sell 12 units in a month to break even, but if you charge N10,000 (plus tax), you will not only make a loss but will need sell 32 units of that item before you can start to make a profit.

I think the best about the Built2Bill Price Calculator is the fact that it includes a simple cash flow forecast template which shows you ahead of time how much cash you will need to spend to complete this product.  It also allows you compare your forecasts with your actual spend so you can bill better or further cut down costs next time.

South-African trained and well versed in various areas of the fashion industry, their relationship with the business community and the business of fashion. Training & eLearning expert with undergraduate degrees in Economics and Fashion Design, years of tax accounting and advisory experience with KPMG Professional Services and practical work experience in garment manufacturing. 

Built2Bill Cost & Price Calculator is a product pricing calculator. This means anyone who offers a product to customers can use it such as:

  fashion designers,

  fabric designers,

  jewellery makers,

  artists,

  shoe makers or cobblers,

  wig makers, 

  farmers,

  food makers,

  bag makers, etc.

You can also use it to calculate the prices of services.  The same principles apply.