Bill Markup

Bill Markup is an optional field that can be used to record a percentage associated with an item (field may have 3 positions to the left of the decimal and 2 positions to the right).

Item Markup amounts can be specified at the master item level and/or at the project level (via the project item screen).  Built-in item reporting will include billable amounts that reflect the result of multiplying the item amount by the markup value, that is:

marked up amount = billable amount + (billable amount * markup value/100)  

Note: Markup will be used to calculate billable amounts related to an item only if the item was set up to be Billed By markup (on the Item Summary tab).  If the item was set up to be Billed By rate, then markup information will be ignored and the billable value will be calculated based on the quantity and bill rate.

Where Applied

For non-Project Accounting reports, the markup is applied to any report reflecting billable item data (based on the project type used but not impacted by the specified billing type).

For Project Accounting reports, because the Project Accounting reports have a keen understanding of the impacts of the billing type, the item markup manifests itself in billing only, and thus the following will be true: