The secret of accuracy is to ensure your Application Cost in PaintPad settings is correct. We have created a simple cost calculator to help you.
1. TOTAL COST OF SALES: Excluding Paint
2. TOTAL OPERATING EXPENSES: Everything else to run your business – Advertising, Bank Fees, Tools & Equipment, Motor Vehicle Expenses, Telephone & Internet, Uniform etc.
3. HOURS WORKED
4. APPLICATION COST in PaintPad settings.
These figures can be easily obtained from XERO or ask your accountant.