You can explore the Price Adjustments & Rounding settings in the Control Panel to:
Add or subtract a percentage based on a project's product and labor total.
Choose the level at which you want the unit price and unit cost rounded off for projects.
Adjustments only add or subtract pricing from a project; they do not have a unit cost. Therefore, they are not used by default to calculate your margin or markup.
The rounding options you choose will affect the margin and markup of the items and projects.
To access the Price Adjustments & Rounding settings, click the following icon.
This will open the following form.
Adjustments
Price adjustments can be positive or negative. They can be used to increase or decrease the total of products and labor in a project.
There are three price adjustments you can set:
Product Adjustment - this is applied to the product total in the project. It can be used to add a discount to a project.
Misc. Parts Adjustment - this is applied to the product total in the project. It can be used to account for consumables on a project.
Labor Adjustment - this is applied to the labor total in the project.
To get more granularity, each product-related adjustment can be overridden per phase, and the labor adjustment can be overridden per labor type.
Rounding Options
By default, SI uses four decimals for pricing fields in the catalog. This helps improve accuracy when dealing with wire pricing sold by the foot or meter.
You may want "clean" numbers on some or all of your projects. So, you can choose to round them to two decimals or zero decimals.
When rounding to zero decimal places, the "Do not round between" options become active and default to -0.50 and 0.50 to prevent pricing for anything 0.50 or below from rounding to zero.
Unit Price
This setting allows you to choose whether to round the unit price of an item to, say, two decimals instead of four within a project.
You can also apply rounding to the Net Unit Price field. The net unit price is the price after the discount is applied to a project.
Unit Cost
This setting allows you to choose whether to round the unit cost of an item to, say, two decimals instead of four within a project.
The Unit Cost with Tax field can be rounded. However, this only applies if you have enabled use tax.
Apply Adjustments and Rounding
In the project, the adjustments and rounding values you set in the Control Panel will be used by default.
If you want to set the adjustments to 0 (zero) or change the rounding values, click the Settings wheel and click Price Adjustments and Rounding.
This will open a modal for you to change the values. You can click Restore Default in the modal and save the changes to use the values you have set in the Control Panel.
Adjustments and Rounding in Reports
The Adjustments and Rounding fields and values applied to a project are displayed on the last page of the stock Proposal (non-Install) reports in SI.
If you wish to change the wording "Product Adjustment," "Misc. Parts Adjustment," and "Labor Adjustment" on your reports, there are Reports Settings for this.