Set Up Markup Costs
In the Finance section of Settings, you set your default markup for Materials, Labor and Trade, your own word for markup, and your tax. A new project copies these when you create it.
Here are the steps to follow:
Open Settings
Click Settings at the bottom of the left sidebar. Only the Owner and Administrators see it.
Enter your markup charges
In the Finance section, enter your markup in Materials markup charges, %, Labor markup charges, % and Trade markup charges, %. All three are required. You can enter 0, and up to two decimals.
Set your Mark-up Label (optional)
If you call your markup something else, such as a builder fee, type that word in the Mark-up Label box. Buildwise then uses your word in place of "Mark-up" on your estimates, change orders and invoices, on the links and PDFs your client sees, on the Client Summary, and in the summary bar on a project's Budget and Job Costing tabs.
As an example, type "Builder Fee" and your client's estimate shows a "Builder Fee" row instead of "Mark-up". It only changes the word, not any amounts. Leave it blank to keep "Mark-up". You can type up to 30 characters.
Enter your tax
With Single Tax, enter your rate in Tax, %. With Multi Tax, enter GST, % and PST, %. Leave the tax empty if you do not charge tax.
If you change a rate that already had a value, a Warning pop-up asks you to confirm. Click OK to keep the new rate, or Cancel to put the old one back.
Click Save
Click Save at the bottom of the page. It saves the whole Settings page, and you see "Changes have been saved."
Changes only affect new projects
A new project copies your markup charges and tax when you create it. Changing them here later does not change projects you already have. To change the markup on one project, use the Finance section on that project's Overview tab. You can change it there until the project has an expense, an approved estimate or an approved change order. See Create a Project.
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