💡 Why margins matter: Healthy margins help you cover your costs, reward your team, and maybe even get that boat you’ve been dreaming of! Auxo Workshop makes it easy to keep your margins on track, so you can focus on running a great business.
Managing margins doesn’t have to be complicated. Just follow these 3 simple steps:
Set your goals ➡️ use Auxo Workshop’s features to optimise your margins ➡️ resolve any margin alerts before invoicing.
1️⃣ Step 1: Set Your Margin Goals
Agree on your target margins with your accountant so you know what you need to cover costs and make a profit. 🧮
Apply your margin settings in Auxo Workshop:
Go to Settings > System Configuration > Job Settings > Target Job Margin
Set up your Pricing Matrix for parts to automate consistent margins across all jobs and estimates.
🆘 Need Help working out your target margin or Price Matrix tiers? Ask your accountant OR contact us and we can refer you to one of our partners.
2️⃣ Step 2: Use Auxo Workshop’s Tools to Optimise Margins
Add parts using supplier integrations (like NAPA PROLink, Repco Navigator Pro, or BNT EzyParts) to pull in up-to-date costs. No more guessing or using old prices!
Apply Pricing Matrix to all parts in your estimate or job for instant, accurate margins. 🏷️
Resolve margin alerts by checking for “Profit Too Low” warnings and adjusting parts or labour rates as needed. Auxo will show you what you need to charge to hit your target. 🚦
💡Tips:
If a margin zero or below, it will show in red.
You can quickly adjust margin by clicking on the margin value for any part or labour line and adjusting it right there:
Send the estimate for approval or, for walk-ins and urgent jobs, make sure your margins are healthy before you get started. 📤
3️⃣ Step 3: Final Checks Before Invoicing
Re-apply Pricing Matrix if you add parts or change the job scope. 🔁
Check labour categories to make sure each task is assigned correctly for accurate reporting. 🛠️
Review for margin warnings one last time before invoicing.
🟢 Margin Success Routine:
🎯 Set your targets and Pricing Matrix
🔗 Use supplier integrations and apply the matrix on every job or estimate
🚦 Check for margin warnings and fix any issues before invoicing
📝 Summary
Auxo Workshop gives you total control over your profitability, right at your fingertips. Achieving your financial goals is as simple as:
1️⃣ Don’t invoice jobs with a low profit warning
2️⃣ Get enough jobs (See: 🚗 Best Practice: Keeping Your Bays Full with Auxo Workshop)