Costs and Prices

Overview 

Costs refer to the expenses incurred in producing or providing a product or service, while prices refer to the amount charged for those products or services.

Costing and Pricing descriptions are grouped into the following categories in this documentation.

• Costs (e.g. Direct Costs, Fixed Costs, Unit Costs)

• Pricing

• Adjustments

• Totals

• Summary

Costs 

These fields are used when costs are calculated (e.g. in Costings and Estimates).

• Direct Cost: Costs directly linked to the production of goods or services, including materials and outwork.

• Fixed Cost: Fixed Costs always apply and are not adjusted per quantity.

• Unit Cost: Unit Costs are multiplied by the quantity.

• /: Quantity included in the Unit Price.

Pricing 

These fields are used for determining prices (e.g. Sell Prices)

• Fixed Price: Indirect costs or overhead costs which are not dependent on the goods or services produced. 

• Unit Price: Price per unit depending on /unit.

• /: Quantity included in the Unit Price.

• Enter: Price Inclusive or Exclusive amount of VAT. Allows rounding off Price (excl.)

Totals 

These fields appear on transactions such as Sales Orders, Work Orders, Customer Invoices, Supplier Invoices.

• Subtotal: A line-item sum of the Total (Excl) amounts, excluding adjustments.

• Adj %: An adjustment percentage. (The adjustment value is automatically calculated.)

• Adjustment: An adjustment value. (The adjustment value is automatically calculated.)

• Total Currency: The total amount in the transaction's currency.

• Total (Excl): The line-item total in the local currency, excluding VAT.

• VAT: The line-item VAT amount in the local currency.

• Total (Incl): The line-item total in the local currency of the transaction, inclusive of VAT.

Summary 

These fields appear on transaction or item summaries.

• Profit: The profit amount per line item

• GP %: Gross Profit percentage per line item

• / Unit: Price per unit after adjustment