item catalog discount faq How do I Setup the Item Catalog for Discounts?

How to Setup An Other Item for Discounts on Estimates

Because they don't have overhead markups, other items are really handy for setting up line items like discounts.  Here's a few tips on setting up an item that you can use to apply discounts to estimates:

  • Name the other item Discount
  • Use Each as the units
  • Set the Unit Cost to $0.00 (you will customize this on each estimate where you want to apply a discount)
  • Choose the Pricing Calculator option to Set a Custom Profit Margin
  • Set the Custom Profit Margin to 0%  (we don't want to add any profit to the discount)

Now you have an item that you can add to estimates for a discount.  Simply add this Discount item to an estimate, set the unit cost to a negative amount to apply a discount (e.g. -$300.00) and the 0% profit margin will ensure the discount gets applied correctly.

 

 

How to Setup An Other Item to Help You Round Estimates to the Nearest Dollar

Because they don't have overhead markups, other items can also be used to help round up prices to the nearest dollar.  Some companies like to leave estimates as unrounded numbers (e.g. $1,790.09) while others like to round to an even number (e.g. $1,800.00).  If you like to round to nearest whole numbers, you'll need an other item called a Rounding Factor.

  • Name the other item Rounding Factor
  • Use Each as the units
  • Set the Unit Cost to $0.00 (you will customize this on each estimate where you want to round to the nearest whole number)
  • Choose the Pricing Calculator option to Set Fixed Profit
  • Set the Fixed Profit Margin to 0%  (we don't want to add any profit to the rounding factor)

Now you have an item that you can help you round estimating pricing to the nearest number.  Simply add this item to any estimate work area or service where you want to round the price.  Enter the dollars and cents you need to round up (or if you're rounding down, enter a negative number) and your estimate will come out with a nice, round number.

 

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