Markups Overview

eFinancials provides the ability to mark up billings. The process is as follows.

The global policy on the AR tab, Use Markup, must be turned on to use the mark up functionality.

NOTE that this policy is turned off by default. When turned off, there is no indication of markups in the system.

Using the Markup Feature

When the Use Markup policy is turned on, a Markup Percentage can be added for a customer during Customer setup, and then the percentage is used in Billing Entry.

When the policy is on:

The Markup Percent appears in the Header portion of the Billing.

The percentage is defaulted in from Customer setup.
The percentage populates and carries down in the Billing Entry Allocation grid.
In Billing Add mode, changing this header value changes the Markup Percent for each allocation row and updates the values.
In Billing Edit mode, the value in the header is disabled and not editable.

The Allocation Grid for Billings has two additional columns: Markup Percent and Markup Amount.
If there is a percentage already in the Markup Percent field when the user enters an Amount in the Billings page, the following happens:

Markup amount is calculated and the Markup Amount field is updated.

Markup Amount is added to the Amount, as the markup is now part of the amount.

Discount, if any, is recalculated on the new Amount.

Tax, if any, is recalculated on the new Amount

The running total fields in the header are updated (Allocation Total, Markup Amount, Discount Amount, Retainage Amount).

If the user changes the Markup Percent field, the following happens:

Markup Amount is subtracted from the Amount.

The new Markup Amount is calculated and the Markup Amount field is updated.

The new Markup Amount is added to the Amount, as the markup is now part of the amount.

Discount, if any, is recalculated on the new Amount.

Tax, if any, is recalculated on the new Amount.

Running Total fields in the header are updated (Allocation Total, Markup Amount, Discount Amount, Retainage Amount).