Markup

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

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

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

Expense costs are not impacted by the markup.

This value may also be useful for including in a Project Accounting report algorithm, an expense export template or perhaps an ad-hoc report.

Where Applied

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

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

• Costs will never include markup, regardless of the Billing Type
• Revenue numbers will include markup only if it can be billed, therefore:
• • CP projects will not show markup because you are billing costs
  • FP projects will not show markup because you are not billing expenses at all
  • TM projects will show markup because you are billing for billable expenses

When updating a Markup amount, do note that any non-extracted / non-locked expense reports/requests will have their markup amount values updated to reflect the new markup percentage.  Similarly, when removing a project level Expense Type, expense reports having entries for that project will have line items updated to reflect any markup percentage that exists on the master expense type table.