Edit a work or material item

Open the work item details

1. Go to Cost Database.
2. Select the Work Items tab.
3. Optionally, use the Search field to filter the list.
4. Select the work item code from the list.

Edit the work item details

1. To update the work item details, select Edit.

2. Use the available tabs to review and update information as needed.

   When editing information, consider the following:

   • If the resource and work item's unit of measure is the same, the conversion factor must be set to one (1).

   • The Sell Markup is typically set to Same as Cost. However, you can increase the sell rate by a fixed amount or a percentage as follows:

     • Lumpsum: A fixed markup amount is added to the cost rate. For example, if the cost rate is $100 and the lump sum markup is $20, then the sell rate is $120.

     • Manual: You enter the sell rate directly. For example, if the cost rate is $100, you can manually enter $130 in the sell rate field.

     • Margin Percentage: Sets the sell price so that a specified profit margin is achieved. If the cost rate is $100 and the margin is 20%, then the sell rate is calculated as follows:

       sell rate = cost rate / (1 - margin) = $100 / (1 - 20/100) = $125

     • Percentage: A percentage over the cost rate. For example, if the cost rate is $100 and the markup is 15%, then the sell rate is calculated as follows:

       sell rate = cost rate x (1 + % markup) = $100 x 1.15 = $115

3. Select Save & Close.

Add classifications

1. On the Details tab, select Add Classification in the Classifications section.

2. For each classification code that you want to add, do the following:

   1. Select the Classification Type, such as your primary cost code system.

      Administrators can manage these options in Settings () > Company Settings > Cost Codes.

   2. Select the magnifying glass icon () next to the classification type to view the available codes.
   3. Optionally, select the right arrow next to a code to drill down to a lower level.

      Codes can be nested up to four levels deep.

   4. Select the code that you want to use for classification.

   5. Select Add New Line to include more classifications.

3. Select Add & Close.

A message shows the number of classifications added successfully and those that failed.