Purchase Markups

The Purchase Markups feature `allows you to set a markup percentage on project-related purchases. This markup is automatically applied to payments and purchase orders associated with the project, streamlining cost calculations and ensuring accurate pricing on deliverables.

Setting a Purchase Markup

1. Navigate to the Project Details Tab: Open the project you wish to apply a markup to and go to the Details tab.
2. Enter the Markup Percentage: In the appropriate field, enter the Purchase Markup (%) you want to apply. This percentage will be used to increase the cost of any payments or purchase orders associated with the project.

Applying the Markup to Payments and Purchase Orders

• Include Project Markup: When adding a payment or purchase order to your project, you’ll see an option to Include Project Markup. Toggle this option to apply the markup percentage you’ve set for the project to the specific payment or purchase order.

Markup Calculation on Deliverables

• Automatic Calculation: When creating a deliverable and linking a payment or purchase order, the markup will be automatically calculated based on the percentage you’ve specified. This adjusted price will reflect on the deliverable, saving you time on manual calculations and ensuring pricing consistency.

By setting up Purchase Markups in theBOSSapp, you can simplify cost management and ensure transparent pricing on your project deliverables.