Use Markup Systems to calculate the cost of items that you resell or use
in projects.
HINT Markup Systems are a quick way to calculate markup for sales and project billing
in the Goldenseal accounting software. MARKUP SYSTEM BASICS
Entering Markup Systems  Data Fields  Markup Prices  Markup
Calculations
Calculation Choices  Using Lists  Using Markup Systems
WEBSITE INFO LINKS
Accounting Software  Point
of
Sale Software  Unit
Cost
Software
RELATED TOPICS
Assemblies  Cost Items  Item Discounts  Price
Rounding  Unit Cost setup
Entering Markup Systems
To enter a Markup System, follow these steps:
 Choose Income Setup from the Income menu, then choose Markup Systems from the submenu.
 Click the New button, or click on an existing item and click the Edit button.
 Enter details for the system.
Data Fields
Enter the following information for each markup system:
Name Type in a brief name for this markup system. This is the text that will appear in clairvoyant fields.
Description Type in any comments you'd like to make about this item.
Resale Enter calculation and rounding methods for items that you sell in a Sale transaction.
Reduced Enter calculation and rounding methods for items that you sell in a Sale transaction when the On Sale checkbox
is turned on.
Project Enter calculation and rounding methods for Cost Items included directly in a project Estimate. This price
is also used for Time and Materials billing if the Project Payment
Terms are set to include markup.
Component Enter calculation and rounding methods for items that are included as components in an Assembly. When
it calculates the price of an Assembly, Goldenseal applies the component markup to each component, adds the components together, and then applies the
Assembly's markup.
Inventory Enter calculation and rounding methods for the inventory value of Cost Items or Assemblies.
Overhead Account Enter the Overhead account where profits from this markup will be credited.
Markup Prices
Goldenseal markups calculate five different prices for each unit cost:
 Resale The price when you sell an item directly to a customer.
 Reduced The price when you sell an item directly when it is "on sale".
 Project The price when you use an item in a project.
 Component The price when you include an item in an Assembly.
 Inventory The value of an item while it is stored in inventory.
Markup Calculations
For each of the five markup prices, enter the following
information:
Amount Enter the percentage markup that will be used for this markup price (or if you use a fixed addition, enter the amount to
add).
Calculation Use the popup menu to select a calculation choice.
Rounding Choose the Rounding Method to use for this price. You can round numbers to an even quantity, or trim them
to "retail" pricing such as $9.95.
Calculation Choices
Enter one of the following choices in the Calculation field for each markup
price:
Retail markup based on a percentage of the final sale price (sometimes called Margin). It is calculated by
the following formula: Sale Price = Purchase Price * (1/(1 Markup Percentage)). If you purchase an item
for $10.00 and use a 40% retail markup, the sale price will be 1 * (1/(1.4)), or $16.67.
HINT The $6.67 markup amount is 40% of the $16.67 selling price.
Simple markup based on a percentage of the purchase price. It is calculated by the following formula: Sale Price = Purchase Price * (1+ Markup
Percentage). If you purchase an item for $10.00 and use a 40% simple markup, the sale price will be 1 * (1+.4), or $14.00.
HINT The $4.00 markup amount is 40% of the $10.00 purchase price.
Fixed addition Goldenseal will add the entered dollar amount to the purchase price.
Manual Pricing Goldenseal will not calculate a price. Instead the price field will be editable, and you can type in any price.
No Markup Goldenseal will not add any markup. The sale price will be the same as the purchase price.
Not Available The markup method will not apply at all to that type of markup price.
Using Markup Systems
To use a Markup System, enter it into the Markup field in a Cost
Item or Assembly. The Markup System will then calculate resale, reduced price, project,
component and inventory prices
for the item.
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