Q: Are you able to add mark-up to an expense item?
I'd like to be able to mark-up expense items (ie - print products, promo items, etc.). I see where you can add discounts, but I can't find where/how to add a mark-up.
Mike_SuiteDash
Oct 2, 2024A: Hi there,
Short answer is "not yet" but, I'd like to completely understand how you'd like this to work.
The primary question is... do you want the client to visually see that there is a markup? Meaning, one column will show the base price, and another column will show the markup ~ or ~ you want the markup automatically added when the Expense is billed, and the client will only see one price without knowing a markup was added?
Or, how exactly would you like to see it work?
I can imagine several scenarios, but it's more useful to hear you describe it.
Great idea :) thanks for the useful feedback.
All the best!
Mike
d8a2010029c64e028bece0c3a64fdf35
Verified purchaser
Thanks Mike. The markup would be entered at the time the expense would be entered into the system and the client would only see the final marked-up price. It would be great to have the option of a flat mark-up price, or a %, as we have different mark-ups for different expense categories. In the back-office, we would be able to easily see our cost and the extended price to the client.
Verified purchaser
An example would be a media charge for $500 that we incurred on the client's behalf. We would then charge a 5% - 15% markup on that expense - charging the client $X
Another example could be business cards or brochures - where we purchase via our wholesale outlets and mark-up with extended price to client.
Yes, these are great details thank you. So, again this is not something that we currently have, but this is a strong possibility for the future. We just released the Reporting Block, which is the leading edge of a larger initiative we call "Reporting & Business Health" which is designed to give you reports and visibility into the overall health of your business. This fits right into that idea.
Hi again, after our management meeting this AM, we decided to fast-track this suggestion. I can't give a timeline, but it's slated to begin development in the next 1-2 weeks 👍 Thanks, Mike
Verified purchaser
OMGOSH! AWESOME! It was the one thing that was standing our way of moving forward. Purchase made! ✅ And, PS - the fact that you are answering questions real-time AND taking the feedback AND taking action.... WOW! What a great way to kick off the relationship!
Welcome to the SuiteDash Community! This is how we do things here 😎
Hi again, just wanted to let you know that the "Markup on Expense Items" is now LIVE 🫡
Thanks,
Mike