Estimating

Overview

BOS Enterprise provides various Estimating models such as:

• General Estimates

• Estimate Types

Settings

General Settings

Navigation: Main Menu > Setup > Settings > General (tab)

ℹ️ These settings apply to all estimates. The defaults settings can be changed on the estimate.

• Estimating > Default: Markup on Estimates (%): Field to type a default markup.

• Estimating > Default: Roundup (R/U) for Materials: Field to type a rounding amount.

• Estimating > Price Rounding: The options are:

  • Don't round off

  • Round Selling Price to nearest major currency unit

  • Round Unit Price to nearest minor currency unit

Cost Summary

• Positive Adjustments (Markups) to items in the Estimate are added to the Value-Added indicator, and negative Adjustments (Discounts) to items are deducted from the Costs.

Estimates in Sell Price Transactions

Estimates can be used in transactions that use Selling Prices, e.g. Quotations. The Estimate can update the Transaction Item in two ways:

• Cost Price only: 

  • The Estimate only updates the Cost Price to the transaction item, and the User can override the Selling Price on the Transaction Item. 

  • When an item is added to a transaction (from the Items master), the Sell Price value on the Item determines how the transaction is updated when it is converted to an Estimate.

    •  If Sell Price = Manual, then it will adopt this mode, and the transaction Selling Price is unchanged when the item is converted to an estimate. 

    • Note: In this mode, only the Cost portion of the Estimate is updated to the transaction. The Markup/Sell Price on the Estimate is ignored.

• Cost and Sell Price:

  • The Estimate updates both the Cost and Sell Price of the Transaction Item. 

  • The Selling Price on the Estimate can be changed.

When creating an estimate, there is an option to update the price. Click Actions (button) of the estimate's Pricing tab > Update Cost Price only to the Transaction Item. This option is only available when the transaction uses Selling Prices.

Tech Note: The field VATITEMS.ESTSETPRICEID is used for this functionality - 1 = Cost Price only; 0 = Cost and Sell Price.  (Default)