Amending an estimate - rapid

Open: Estimating > Records > Amend Estimate - Rapid.

  1. Select the estimate you want to amend from the Estimate No. drop-down list.
  2. Amend the following estimate details.
  3. Due Date

    Enter the date the estimate should be completed. This is the default date for the stages Estimating jobs involves breaking the jobs down into stages for accumulation and analysis of job costs. Each job must have at least one stage.. It is also used in MPS Master Production Schedule (MPS). The planning of production (usually end item production), to satisfy current and forecast sales orders. The sum of MPS items must equal the agreed sales and operations plan for the items over each planning period. Planning periods are normally a month or a four week period. Items planned within MPS are exploded by MRP (Materials Requirements Planning) to produce the material and capacity requirements. and MRP Materials Requirements Planning (MRP). MRP recommends purchase orders, transfers and work orders to balance supply and demand., and is carried over into the works order The authority to produce a part using the components specified on a BOM and the process specified on the routing. upon conversion.

    Quantity

    Enter the number of finished items you want to manufacture. Confirm when prompted to recalculate the quantities for each item.

    No. of Pieces

    Enter the number of individual items required for each finished item. Confirm when prompted to recalculate totals using the number of pieces just entered.

    A/C

    Select the required customer or prospect from the drop-down list.

    Note: The estimate can only be prepared for a base currency customer or prospect.

    Product Code

    Select a product from the Product Code drop-down list.

    If the product has a description, the description appears automatically on the Invoice Description tab. The Invoice Description header changes to upper case to indicate there is text on the tab.

    Note: If you select a product that has a BOM A stock assembly and process costing system, which provides facilities to specify the structure of finished items in terms of sub-assemblies and components. defined, the BOM components and operations The labour, machine and tool processes required to manufacture an item. appear on the items list.

    Warehouse

    Select a warehouse, set up for component supply, from the Warehouse drop-down list.

  4. Enter the required information according to the following descriptions.
  5. Type

    Click in the Type box and select the type of transaction. The type can be STK (stock), NS Non Stock. Items which do not have a product record set up in Stock Control. Such items are usually bought for a specific job. (non-stock), OP (operations The labour, machine and tool processes required to manufacture an item.) and EXP (expenses).

    Reference

    Click in the Reference box to select a description from the drop-down list.

    Description

    Enter the description for the item.

    Quantity

    Enter the quantity required for this estimate.

    Cost Price

    Enter the estimated cost price.

    Note: The default is cost+markup. However, if you selected a stock product Type, a Product Code and customer account in A/C and the customer has a selling price, the customer selling price is used instead.

    Total

    Total cost is calculated as the quantity multiplied by the price. The calculation is done when you move out of the box.

    Use the Tab key to move out of the Total box to ensure that the total figure is calculated.

    Unit of Sale

    If the item uses multiple units, click in the Unit of Sale box. Select from the drop-down list, the units that this price relates to, for future reference. Otherwise, the product unit is displayed.

    Stage

    Each job for which you are preparing an estimate, can be broken down into stages.

    If you specified a Stage Reference and Stage Description in the Estimate Settings General tab, this stage is shown here by default.

    • To select a stage that already exists, select the stage from the drop-down list.
    • To create a stage, select NEW from the drop-down list.
      1. In the Enter Stage Details window, enter the Reference for the stage.
      2. Enter the Description for the stage.
      3. Click OK.

    As you add information to the estimate, mark-up is calculated from the default specified in Estimate Settings Markup Defaults (%) tab.

    Manually amending the Markup (%), Selling Price or Margin (%) has the following effects:

    • The amended value is highlighted.
    • Note: Highlighting only applies to the most recent manual change you have made.

    • You cannot manually amend the values subsequently on the estimate stage until you recost the estimate and choose to discard the amendments.
  6. To save your Estimate Details, click Save.