Entering settings for estimates
You can tailor the system to your company's needs through the setup process. This saves time when using the system.
You must set up overhead recovery and cost headings before estimating. Once you enter estimate details, an amount is added to increase the estimate and ensure overheads In accounts modules, these are business expenses, such as rent, that are not attributable directly to any department or product and can therefore be assigned only arbitrarily. In manufacturing modules, these are manufacturing or production expenses other than direct labour or materials. are met.
Estimates can have up to five analysis codes Analysis codes are extra pieces of information or customer fields that you can use to improve your reporting and to compare different areas of your business. Analysis codes can be used to group your records together, and transaction analysis codes can be applied directly to transactions posted to your nominal accounts. attached to them for analysis purposes.
You can set up labour, machine and operation details prior to creating estimates.
In addition, stage templates, prospects and expense types can apply in estimates.
To enter the estimate default settings
Open: Estimating > Utilities > System Set Up > Estimate Settings.
- Select each tab to enter the estimating settings.
- General (EST settings).
- Numbering (EST settings).
- Resequencing (EST settings).
- Mark-up Defaults (%) (EST settings).