Objective: In this video and/or step by step walkthrough, you’ll learn about adding a markup on the estimate screen
Recap Section – Estimate Screen
Your Recap Section is at the very bottom of your Estimate Screen
If you do not see it, you may need to make it available using these steps:
- Left click the Columns Icon
- Make sure Cost Recap checkbox is enabled
Material Markups
- Hover over the word Material in the first portion of the Recap section
- Left click to open the Manage Markups for Material window
Markup Records Module
In this module you will see the Total Gross price in terms of material for this bid
Left click on Add Item in the Line Items box
Add Item
A line item has now been inserted with multiple fields
- Left click in the Description field to give this markup a name
- Click the drop-down under the Type section and choose one of the 3 markup options
- Type a percent value in the Markup field
For this example, we have added:
- Description: Shipping tax
- Type: Percentage
- Markup: 10
Click Cancel or the X to exit without saving or click Confirm and watch the Recap total change for the Material tax class
Recap Section
On the Estimate screen in the Recap section, 10% of the Gross Price has now been added as a Markup to the Material tax class
Delete Markup
- Left click on Material to open the Markup Record
- Click on the trash can icon to delete the markup
- Hit Confirm
The gross price will now be back to its original value
Flat Amount Markup
Click on Material to open the Markup Records module
In this example we have added:
- Description: Tax
- Type: Flat Amount
- Markup: 1000 (added directly to gross price)
Click Confirm to save your changes
Recap Total
When you return to the Estimate screen, the $1000 has been added to the recap total for this tax class
Labor Tax Class – Per Hour Markup
Left click on the word Labor in the Recap Section to open the Markup Records Module
Add Item
Click Add Item
For this example we have added:
- Description: Per hour overhead
- Type: Per Hour
- Markup: 1
The markup value will multiply by the total hours to produce a dollar amount that will add to the recap total in our labor tax class, and reflected in the recap total
Overhead Markups
Left click on the word Overhead to open the Markup Records module
Add Overhead Item
Click Add Item
For this example we have added:
- Description: Overhead
- Type: Percentage
- Markup: 10
By adding this item, 10% of the total gross price from all tax classes on this job will be added to the total cost of the job as overhead
Click Confirm to save changes
Profit Markups
Left click on the word Profit to open the Markup Records module
Add Profit Item
By default a Profit line item has already been created for you
For this example we have:
- Description: Profit
- Type: Percentage
- Markup: 10
Once you make these changes, the Contract Amount will change to reflect them
Click Apply to save changes
Recap Section
Once you click Apply and return to the Estimate screen, the 10% shows up as a total in the Profit section and the Contract Amount is finalized reflecting Profit and the other markups
Contract Amount
Click on the word Profit to enter the Profit Information screen where you can make changes
By typing directly in the Contract Amount box you can influence the Percentage, Flat Amount or Per Hour rate
For this example, we have clicked inside the Contract Amount text box and entered 60000
The module will back-calculate and figure out what Percentage will account for the difference between Total Gross and the new desired Contract Amount
Click Apply to return to the Estimate screen where the Profit changes based on the back calculation. These changes are reflected in the Recap Section
