Schedule of Values - Line Item - Financial Markups
Updated
Suggested Prior Reading
Contract - Schedule of Values - Add Line Item
Financial Markup
Financial Markups on a Schedule of Values are optional and are setup for each individual Schedule of Values by the Project Manager (and may also be copied from Contracts or Committments).
They may be used to automatically apply a markup to each line item such as overhead or administration and/or they are sometimes used to automatically apply sales taxes (see Job Costing - Sales Tax for more information).
If Financial Markups are turned on for the Schedule of Values, the settings for the Financial Markup determine if they display for
- A column on each line item
- OR just as a total at the bottom of the Schedule of Values
- OR as a separate line item
Regardless of how they display, they are automatically applied/calculated on the Schedule of Values and are non-editable.
How they display depends on the settings for the Financial Markup. For more information, see Financial Markup - Calculation and Display.
Next Steps
If applicable, set the Tax for the Line Item, see Schedule of Values - Line Item - Tax.
