[ Only the staff designated as System Administrators need to read this section. ]
oIn the screen below you can set your standard markups for merchandise and any of the four sub-charges.
oWhen you create a new project these markups will be copied to the project markup, but you can change them at the project level if required.
oIt is also important to point out that designers can change the markups at the item level if required.
Markups Column
In the screen below you can set your firm's default markup. In this example the markup is 45%. When you create a new project the markup for that project will be set to 45%.
The freight will be assigned a 10% markup.
Note: On the project detail view you can change the default markups shown below.
Allowances
The best way to explain allowances it to use freight as an example. Most firms will estimate estimate freight and then bill the actual freight amount. For example, let's say that a firm believes that 15% of the cost of an item should be enough to cover the cost of freight. In this case, if an chair costs $200.00 then the estimated freight cost would be $200.00 x 0.15 = $30.00 In DesignSmart, the 15% is the "allowance" percent. This is the amount you are allowing for freight.
When the switches are turned off you can now see that the Allowance percent fields for both Freight and Labor have now been hidden
Note: Some firms will have DesignSmart customized so margins cannot exceed a certain amount, or not go below a certain amount.
For more information about how markups work in DesignSmart, please see Markups Explained.
For more information about how allowances work in DesignSmart, please see Markups & Allowances Sub Tab