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

      Understand the distinction between markup and margin, as well as configuring your profit settings

      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 prices effectively.

      Margin

      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.

      Settings JobNimbus 2024-03-27 at 4.46.29 PM
      • To use Margin, toggle the option on in the upper portion of the screen.
      • Input the margin percentage in the designated field. To visualize the impact of this margin on your overall pricing for customers, experiment with some of your product prices using the provided sample below.
      • Additional options can be customized based on your preferences, allowing for a more tailored experience:
        • Margin Slider - enable this option if you would like to have a margin slider visible on the Quote Details and Authorization Page.
        • Minimum Margin - Establish a minimum margin requirement to safeguard your business from quotes that do not meet the desired level of profitability.
        • Profitability -Enable this option if you want all users to have visibility into a comprehensive breakdown of quotes.
      • After finalizing your Profit Margin, be sure to save your progress.

      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.

      Settings JobNimbus 2024-03-27 at 5.05.24 PM
      • To use Markup, toggle the option on at the top of the screen
      • Enter the markup percentage into the designated field. Experiment with some of your products or services using the sample provided below to understand how the markup affects your overall pricing for customers.
      • Additional options can be customized based on your preferences, allowing for a more tailored experience:
        • Margin Slider - enable this option if you would like to have a margin slider visible on the Quote Details and Authorization Page.
        • Minimum Margin - Establish a minimum margin requirement to safeguard your business from quotes that do not meet the desired level of profitability.
        • Profitability -Enable this option if you want all users to have visibility into a comprehensive breakdown of quotes.After finalizing your Profit Margin, be sure to save your progress.
      • After finalizing your Profit Margin, be sure to save your progress.