Markup is a percentage amount that is applied to a cost to cover business overheads. For example, an organisation might mark up by 30% the price they pay for printing a brochure, and pass on the marked up price to their client.
Markup hierarchy
provides a markup hierarchy, which allows the markup to be progressively over-ridden, if required.
- The system-wide default markup value is set in your Organisation settings. This value is used whenever markup is applied to a cost, unless it is over-ridden by the
- Markup set in the client typeA client type is a named set of payment terms, used to ensure consistency across your client base. For example, you might set up two client types: Premium, with a markup rate of 30% and payment terms of by 20th of next month, and Standard, with a markup rate of 40% and payment terms of within 7 days. When you add a new client, you can then allocate Premium or Standard payment terms, as required. , unless it is over-ridden by the
- Markup set for the client specifically, unless it is over-ridden by the
- Markup specified for an individual cost in an invoice, quote or estimate.
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