Before you touch the Profit Calculator, there’s one job to knock out first.

Log into your accounting software. Xero, MYOB, QuickBooks… whatever you use. Pull up your profit and loss statement for the full financial year. That’s where the truth lives.

Your labour rate has to cover every cost that isn’t billable to a job these are your overheads.

Things like admin wages, office rent, accounting fees, phones, insurance, fuel, software, and marketing. All the stuff that keeps your business running but never makes it onto a quote.

These are the silent profit killers if you don’t include them in your rate. Go line by line through your P&L and capture every expense that fits. Be exact - no rounding, no guessing.

And don’t just look backward. If you’re planning to hire, upgrade gear, or move to a bigger space, include that too. Your rate needs to match where the business is heading, not where it’s been.

Do this properly, and the Overheads Calculator becomes a breeze. You’ll finally see what it really costs to run your business - and that’s the first step to making it pay you properly.