What is uplift and how is it calculated?
Uplift is the amount by which your gross profit on an event has increased or decreased since your client accepted the quote.
The main purpose on the Uplift figure is to display how much the gross profit has changed from the most recently accepted quote. The fluctuation of the gross profit is usually caused by up-selling and adding additional products or services.
Uplift is shown at the bottom of the event costs page, on the Costs information panel:
[Insert screenshot]
Uplift is calculated by subtracting the gross profit from your most recently accepted quote from your current gross profit (including commissions). If you haven't accepted a quote, EventWorks instead compares your current gross profit (from the Costs tab) with your estimated gross profit, which can be found on the Financial tab when editing or creating an event.
For example:
Gross profit from accepted quote: £10,000
Current gross profit from event costs: £12,000
Uplift = (£12,000 - £10,000) = £2,000
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The main purpose on the Uplift figure is to display how much the gross profit has changed from the most recently accepted quote. The fluctuation of the gross profit is usually caused by up-selling and adding additional products or services.
Uplift is shown at the bottom of the event costs page, on the Costs information panel:
[Insert screenshot]
Uplift is calculated by subtracting the gross profit from your most recently accepted quote from your current gross profit (including commissions). If you haven't accepted a quote, EventWorks instead compares your current gross profit (from the Costs tab) with your estimated gross profit, which can be found on the Financial tab when editing or creating an event.
For example:
Gross profit from accepted quote: £10,000
Current gross profit from event costs: £12,000
Uplift = (£12,000 - £10,000) = £2,000
Was this article helpful? Let us know by rating the article below!
Updated on: 29/06/2020
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