Having a tough time trying to figure out what to charge per hour? Myoverhead is the simplified software solution for contractors, restaurants and service-based industry professionals.
MyOverhead.com is powerful enough to allow you to quickly enter your company’s expense data, yet simple enough you can plugin YOUR expenses or use our expense upload feature. Use your Profit & Loss Report from your accounting software or our simple questionnaire form if you don’t have up to date data or don’t use accounting software.
Next you simply enter your company’s employer tax share into the MyOverhead.com system.
Your employer’s tax share is easily found online if you are unsure of the percentages you pay on each employee. Our system takes care of the rest of the calculations.
Next comes Labor Groups which is the heart of our system. Assign your employees to different labor groups and all of your business overhead and remaining numbers can be viewed by those labor groups. Create labor group divisions, crews, departments, sections or how ever you would like to see your numbers broken out. You can adjust the amount of expenses each group has applied to it by percentage or hours.
View all of your numbers instantly, choose from the drop down view to see how each labor group stacks up against your overall company numbers. This makes it easy to determine each labor group, department, crews, etc… Overhead and Break-Even Costs. Once known, making pricing adjustments to ensure desired profit margins are reached is easily achieved.
With the Overhead Report your numbers are all broken out so you can see exactly what makes up your overhead costs for your company. You are able to also use the view drop down just like in the summary reports to see all your overhead costs for each labor group you create.
The Break-Even Report will display your numbers that make up your Exact Break_Even rate per hour. In the Summary report you can see your Break-Even numbers for each labor group you create. Use this number for every direct labor employee hour worked. This number will determine if you are charging the correct price for your services or products you sell.
“Thank you Mark!
You and Myoverhead.com have absolutely been one of the best decisions I’ve made for my company! I have struggled trying to figure out my exact costs on my own for years and even after asking other contractors and my CPA, I received no real answers or a fix to my struggle. From an internet search I found your site and I was hopeful this was the answer I was looking for and signed up. I took the numbers your site showed me and applied them to my company immediately. The results from doing so had an immediate impact on my company’s profit margins and in less than a month my profits are now up 9% from the previous year.
Owner, KPS Plumbing