The second tab on the Item Window is the Pricing Tab and displays the appropriate style of cost and price as determined by the Estimate, Actual or Billing selection.
Estimate is the default option and will display the total Estimated Cost and Price of the Components for each Component Type as they were entered on the Component Window.
Actual will display the Actual Cost of the Components as derived by the Vendor Invoices recorded. The Actual Price is calculated by applying the pricing rules defined in the Project upon the Actual Costs rather than the Estimated Costs.
Billing will show the Estimate Costs for the Components but will display the future amount left to invoice the Client as the Price column.
The Pricing Grid has the following columns:
Type: This column lists the six possible Component Types that may have been entered for an Item.
Cost: Depending on the Estimate, Actual and Billing selection, this column shows either the Estimated or Actual Cost for each Component Type before any Markup or Sales Tax amounts are applied.
Profit: The Profit column shows how much Markup is to be added to the Cost for each Type. This value is based on the Markup, Discount, or Fee percentage entered for Components of that Type.
Price: This column shows the anticipated selling price to the Client for each Component Type. The Price is calculated as the sum of the Cost and the Profit columns when the Show Selection is set to Estimate or Actual. When Billing is selected, the Price will display the remaining amount left to invoice the Client for the Component Type.
Sales Tax: The Sales Tax column displays the amount of tax added for each Type based on whether the Components are Taxable and the appropriate Tax percentages of the Sales Tax Code entered on the Project Info tab.
Total: This column shows the Total Price, including Markup and Sales Tax, that will be charged to the Client for each Type.
The bottom of the Pricing tab displays the individual Components that comprise the information displayed above. The Component analysis information has the following columns:
Reference Number (#): The unique Reference Number of the Component.
Description: Shows the Component description.
Type: The user-assigned Component Type of the Component such as Merchandise, Freight, etc.
Estimated Cost (Est. Cost): The anticipated cost to purchase the Component from the Vendor. The Estimated Cost is entered by the user on the Component Window.
Actual Cost (Act. Cost): The total cost from all Vendor Invoices recorded for the Component.
Estimated Price (Est. Price): Estimated Price is selling price to the Client for the Component based upon the Estimated Cost.
Billing Price: The remaining price to invoice the Client for the Component.
Actual Price (Act. Price): Actual Price is selling price to the Client for the Component based upon the Actual Cost.