Where Can I Adjust My Profit Settings? (New Sales Experience)

Understand the distinction between markup and margin, as well as configuring your profit settings in the New Sales Experience.

Overview

The key distinction between Margin and Markup is that profit margin represents the difference between sales and the cost of goods sold, while markup refers to the increase in the cost of a good to reach the final selling price.

Understanding these terms can assist in setting your prices to maximize your earnings.

Accessing Profit Settings

To manage your Margin and Markup, referred to together as your Profit Settings, follow the steps below.

• Users with access to Settings in JobNimbus can navigate through the Settings menu to access Estimate Settings.
  
  
• Users who do not have access to Settings can simply go to any Contact or Job Financials and select the Estimate Settings icon.
  
  

In your Estimate Settings, select the Profit Settings option from the menu on the left.

Margin

The Profit Margin is calculated as a percentage of total revenue.

The default Margin will be automatically applied to new price items and included for existing items that do not already have a defined margin.

1. To use the Margin, click on the Use Margin option at the top of the page.
2. Input the margin percentage in the designated field.
3. View a sample equation to see how your pricing will look on your Estimates. 
4. Enable the Margin Slider option to make the margin slider visible on the Estimate Details and Authorization Page.
5. Input a Minimum Margin requirement to prevent estimates from going below your desired minimum profit margin.
6. Enable the Profitability option to allow all users to view a breakdown of your estimates.
7. Save your Profit Settings.

Markup

Markup refers to the percentage of profit added to the cost of goods or services sold.

The default Markup is automatically applied to new price items and included for existing items that do not already have a defined markup.

1. To use the Markup, click on the Use Markup option at the top of the page.
2. Input the Markup percentage into the designated field.
3. View a sample equation to see how your pricing will look on your Estimates. 
4. Enable the Margin Slider option to make the margin slider visible on the Estimate Details and Authorization Page.
5. Input a Minimum Margin requirement to prevent estimates from going below your desired minimum profit margin.
6. Enable the Profitability option to allow all users to view a breakdown of your estimates.
7. Save your Profit Settings.