Automatic Mass Markups for Invoice Items
In FieldPulse, you can turn on line item markups to automatically set the price of your goods and services after a standard markup is applied to the unit cost. By entering the cost of a product or service and a standard markup percentage, FieldPulse will automatically determine the price that the customer sees. This will enable you to make a consistent margin on your jobs and know how profitable you'll be on any project.
To turn on automatic item price markup, follow these steps. Click here to go straight to your advanced estimate and invoice settings.
Click on 'Company Settings' at bottom left, then click on 'Estimates & Invoices'.
On the 'Estimates & Invoices' page, click on 'Advanced' in the sub-heading.
In your advanced invoice settings, toggle 'Enable Automatic Markup' to 'On'
Then set the percentage markup you'd like to have automatically applied, then click save.
Then, when creating a new estimate or invoice, click in the Invoice Item space. Then select 'Create New Line Item'.
In the new line item window, you'll see your default markup percentage. Simply enter your item cost and click 'Apply'.
You'll see the unit price automatically calculated. Then click to 'Create Item' to save this line item.
Next save the new estimate or invoice.
On the Estimate or Invoice record, click on the 'Cost Basis' tab in the sub-header.
You'll see the cost, price and profit margin for each unit on that estimate or invoice, and the total cost, price and profit margin for that estimate or invoice.
Individual Invoice Item Markups
You can also do individual line item price markups as well. To do this you will go to 'Company Settings' then choose 'Estimates & Invoices' and go to 'Invoice Items'. Here you will see a list of all your line items. On this page you can hit the edit button in the right corner.
After you hit the edit button it will take you to the individual line item. You will click 'Advanced' and it will show more options available.
After you click 'Advanced' you will see the option to add in a markup price for this individual line item. Type in the markup you want to apply to the line item and hit 'Apply Markup' then 'Save' at the button of the page. Now that markup will be applied to that individual line item and you can repeat this process for other line items you wish to add a markup to.
Congratulations! You just used item price markups to add a standard markup to your line items. You also learned how to add price markups to individual line items. For help with setting this up, email firstname.lastname@example.org