In the section, you can define sales prices for hour, expense, and fee transactions, and for subscriptions. Sales prices for the transactions are applied when a transaction is entered in a journal.

You set up sales prices for items in the section and in the section.

Sales prices only apply for time and material projects.

Sales price models

For expense and hour transactions, you can apply a sales price model in the sales price setup. The numbers entered in the fields in the sales price forms, are either amounts or percentages, depending on the selection in the field.

Sales price model option

Description

Formula

Qty

The sales price per quantity is the pricing amount entered in the field.

No formula. The number entered in the field is the price per quantity.

Contribution ratio

Indicate the size of the contribution ratio as a percentage of the sales price. This value is entered in the field.

(100 * cost price) / (100 - Pricing)

Example

You want a contribution ratio of 10 percent to be set on a category of the type. The cost price for the category is EUR 50. The calculation is:

(100 * 50) / (100 - 10) = Sales price EUR 55.55

Misc. charges pct

The sales price per transaction is the cost price per transaction, multiplied with the misc. charges percentage. The misc. charges percentage is entered in the field.

Cost price * (100 + pricing) / 100

Example

The miscellaneous charges percentage for the Service category, which is of the type, is 5 percent. The cost price is EUR 20. The calculation is:

(20 * (100 + 5)) / 100 = Sales price EUR 21.00

Misc. charges amount

The sales price per transaction is the cost price per transaction plus the misc. charges amount entered in the field.

Cost price + pricing amount

Example

The fixed price administration charge on a particular category of the type is EUR 10. The cost price is EUR 90. The calculation is:

EUR 90 + EUR 10 = Sales price EUR 100.00

Tip

Quantity (qty) is the default value when a new sales price line is created.

Search priority for sales prices

Sales prices are set up for categories, employees, projects, transaction dates, and currencies. The search priority for sales prices is displayed in the following table. When a sales price is looked up, the price selected is always the price that matches the greatest number of details. Search matches have a priority from 1 to 8 in the table. Currency is the strongest criterion. When prices with the correct currency have been found, the search continues for project, then employee, then category to find the most detailed match. The last criterion to be searched for is the transaction date.

Priority

Transaction date

Category

Employee

Project

Currency

1

x

x

x

x

x

2

x

Blank

x

x

x

3

x

x

Blank

x

x

4

x

Blank

Blank

x

x

5

x

x

x

Blank

x

6

x

Blank

x

Blank

x

7

x

x

Blank

Blank

x

8

x

Blank

Blank

Blank

x

Note

The exchange rate defined in the project contract overrules the ordinary exchange rate.

If no project is found, the search continues upwards in the project hierarchy for a parent project.