Define Actual Markups on Sales Contract

Explanation

This activity is used to define actual markups specific to individual sales contracts. Actual markups are defined for individual project cost/revenue elements.

Prerequisites

Project cost/revenue elements should be predefined for the company in the Project Cost/Revenue Elements window.

System Effects

The markups based on project cost/revenue elements will be available for the given sales contract and will be used at the application for payment when the valuation method used to calculate sales value for the application is Cost-Plus.

Window

Sales Contract

Related Window Descriptions

Sales Contract Basic Data/Markups/Actual Markups

Procedure

1. Open the Sales Contract window, and query for the sales contract record for which you want to define the markups.
2. Create a new record in the Markups/Actual Markups subtab and create a new record.
3. In the Project Cost Elements field, use the List of Values to select a project cost element which identifies the project cost element for which you want to define the markup.
4. In the Markup field, enter a markup value to fit the project cost element.
5. Click Save.