Profit Margin & Financial Suite

Accurately price your products, calculate sales tax, and analyze business growth. Stop guessing your margins.

Mode:

Cost of Goods ($)

Selling Price ($)

Gross Profit

Margin

Markup

Base Amount ($)

Percentage (%)

Add Tax / Fee Increases the total cost

Discount / Off Decreases the total cost

Tax Amount

Final Total

Understanding Sales Tax & Discounts

Common Canadian Tax Rates

GST (AB, BC, MB, NT, NU, QC, SK, YT): 5%
HST (ON): 13%
HST (NB, NL, NS, PE): 15%
PST (BC - usually): 7%

The Danger of Discounts

Offering a discount reduces your profit margin immediately. To maintain the same profit dollars, you often need to increase sales volume significantly.

"Revenue is vanity, profit is sanity."

Calculate the percentage increase or decrease between two periods (e.g., this month vs. last month).

Start Value

End Value

Percentage Change

Difference: -

Analyzing Business Growth

YoY vs. MoM

YoY (Year-over-Year): Compares Jan 2024 to Jan 2023. Best for removing seasonal fluctuations.

MoM (Month-over-Month): Compares Feb to Jan. Good for spotting immediate trends but noisy due to seasonality.

Typical Growth Targets

Small Business (Mature): 3-5% (Tracking inflation).
Small Business (Growth): 15-25% (Healthy expansion).
Startup (Aggressive): 50-100%+ (High velocity, often pre-profit).

Margins too tight?

Understanding gross profit is just step one. We can analyze your full P&L to find hidden savings and boost your bottom line.

Bookkeeping Services

Useful Tool?

We provide these calculators for free to help small businesses succeed.

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Did You Know?

Markup is the % you add to the cost.
Margin is the % of the sale price you keep.
A 50% Markup only equals a 33% Margin!