Setting Up Allocations and Markups for a Project

This entry is part 3 of 24 in the series Setup Guide - Manage Dashboard

Allocations Tool

To add a Markup for CI Budget Entries:

  1. On the Manage Dashboard, select the Allocations tool.
  2. Click the icon to add a row.
  3. At the Entry Type drop-down list, select Markup.
  4. (for non Self-Performing Budget Entries), look up SUBCONTRACT under Source Account Category.
    Note: if you have a different Account Category for your subs and if you have designated that other Account Category in the WBAConfig | Subcontract rule, look up that other Account Category instead.
  5. Complete the remaining fields as necessary.
  6. Accept the row.
  7. Repeat steps 2-6 as needed.
  8. Save your changes.

To add an Allocation for CI Budget Entries:

  1. On the Manage Dashboard, select the Allocations tool.
  2. Click the icon to add a row.
  3. From the Entry Type drop-down list, select Allocation.
  4. In Sequence, enter a Sequence number. If the Allocation should apply to all previous Allocation rows, change the hundreds position. ex:50-100, 170-200, etc.
  5. Complete the remaining fields as necessary.
    Note: if you enter an Allocation % or Allocation Amount, you can also enter a Markup% to make the Revenue amount different from the Expense amount.
  6. Accept the row.
  7. Repeat steps 2-6 as needed.
  8. Save your changes.

Note: rows in the Allocations tool can be edited and deleted, provided you have proper permission.

Change Order Markup Window

Markups can also be established/edited through the Change Order Markups window found on the Project Options menu.

To add or edit a markup on the Change Order Markup window:

  1. At the Project Dashboard, select Change Order Markup from the Project Options menu.
  2. Click the icon to add a row to add a new Cost Code, Account Category, and Markup %.
  3. Click the icon to edit the Cost Code, Account Category, or Markup %.
  4. Accept the row.
  5. Save your changes.

 

Series Navigation<< The Allocations PartExamples of Allocations and Markups >>