Use markups to calculate revenue from job costs. The setup depends on whether the job is cost plus or fixed price.
1. Understand When to Use Markups
Markups are commonly used when you need Adaptive to calculate a revenue amount based on job costs.
Use markups for:
Cost plus fees
Builder fees
Percentage-based revenue calculations
Fixed amount markup lines
For fixed price jobs, you may also use a separate Revenue budget to track what you expect to bill or collect.
2. Add a Markup to a Job Budget
To add a markup:
Go to Jobs.
Open the job.
Click the Budgets tab.
Click Add to budget.
Select Markup.
Choose the markup type, such as percentage or fixed amount.
Enter the markup details.
Save the markup.
Adaptive adds the markup to the job budget and calculates the related total based on the selected setup.
3. Use Markups for Cost Plus Jobs
For cost plus jobs, markups are typically based on job costs.
Use this setup when you want Adaptive to calculate an additional fee from selected cost lines or budget activity.
After adding the markup, review:
The markup name
The markup percentage or amount
Which budget lines the markup applies to
The Markup total
4. Use Revenue Budget for Fixed Price Jobs
For fixed price jobs, enable Revenue budget when you need to track the client-facing or bank-facing budget separately from the internal cost budget.
To enable revenue budget:
Open the job.
Click Settings.
Go to Budget customization.
Under Multiple budgets, turn on Revenue budget.
Click Save.
Important: The Revenue budget may not be available to turn off after revenue amounts or markup have been added.
5. Calculate Revenue Budget from Cost Budget
To calculate revenue budget:
Open the job's Budgets tab.
Select the budget lines you want to update.
Click Actions.
Select Calculate revenue budget.
Enter the markup percentage.
Click Save.
Adaptive updates the selected revenue budget lines using the cost budget plus the markup percentage.
Important: This is a one-time calculation. If the cost budget changes later, run Calculate revenue budget again or update the revenue budget manually.
If you have any additional questions please contact support at [email protected].