Finance and Reports
Understand your revenue, margins, close rate, and export data for your bookkeeper.
Reading your finance dashboard
Go to My Money from the main navigation. The top row shows your five key numbers — Total Revenue, Average Job Size, Pipeline Value, Close Rate, and Total Jobs. Below that is your monthly revenue chart for the last 12 months. Revenue by Trade shows which types of work are making you the most money. Jobs by Stage shows how many jobs are at each point in your process. All numbers update automatically as jobs move through your pipeline.
How revenue is calculated
Revenue is calculated from jobs that have reached Booked status or beyond — Booked, In Progress, Complete, or Invoiced — and have a signed proposal with a total estimate. Jobs in the estimate or proposal stage are counted in your Pipeline Value but not in revenue. This gives you a clear picture of money you have actually won versus money you are still working to close.
Close rate explained
Your close rate is the percentage of proposals sent that result in a booked job. BidForeman calculates this by dividing the number of jobs that reached Booked status by the number of jobs that reached Proposal Sent status or beyond. A healthy close rate for most trades is 40 to 60 percent. If your close rate is lower, it may indicate pricing, proposal quality, or follow-up timing issues. BidForeman's automated follow-up is designed to improve this number.
Exporting to QuickBooks
From My Money, tap QuickBooks Export to download a CSV file formatted for QuickBooks import. The export includes all jobs with invoice numbers in BidForeman format, customer names, line items, and totals. To import into QuickBooks Online, go to Settings, Import Data, and select the CSV file. Map the columns to the corresponding QuickBooks fields. Your bookkeeper or accountant can handle this import. A full QuickBooks Online API sync with automatic two-way data flow is available on Pro plans and above.
Monthly revenue trends
The monthly revenue chart shows your last 12 months of revenue from signed proposals. Each bar represents one month. Hover over a bar to see the exact amount. If a month shows zero, either no proposals were signed that month or the signed proposals have not yet been moved to Booked status. Move completed jobs through your pipeline to keep your revenue numbers accurate.
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