Voltage drop is resistance times current, and the length counts twice
Every conductor has resistance, and current through resistance costs volts. The drop is the current times the resistance of the run, and the resistance is set by three things: the metal, the length and the cross-section. Double the length and the drop doubles. Go up one AWG size and it falls by about a fifth. On a single-phase or DC circuit the current goes out and comes back, so the formula counts the length twice. On a balanced three-phase circuit it multiplies by 1.732 instead.
The figure most people check against is a percentage of the supply. The Canadian Electrical Code (CSA C22.1, Rule 8-102) sets 3% for a feeder or branch circuit and 5% from the service to the load. AS/NZS 3000 sets 5% from the point of supply. The NEC puts the same 3% and 5% in informational notes, as advice rather than a rule. Enter the one you work to and the tool finds the smallest size in the list that stays inside it.
The common mistake is treating that size as the answer. Voltage drop and ampacity are separate checks, and the bigger of the two wins. A long run to a small load is sized by drop; a short run to a big load is sized by ampacity, which comes from the code table that applies where the job is, with its temperature and bundling corrections. This tool does not do that part.
It also uses resistance alone, so on large AC conductors at a poor power factor the real drop is somewhat higher. Write the run length down on the walk-through. In Zeus it stays with that address, so the quote is priced on the cable you measured.