How to Change Percent Profit in Company Settings

Overview
You can set your company's default profit margin so that it automatically applies to every new line item you create going forward. This is useful for keeping your pricing consistent across estimates without having to set profit manually on each item.

Before You Begin

• Ensure you have administrative privileges to access company settings.
  
  
• Decide whether you want to set your default profit as a percentage or as a markup.
  
  

1. In the left-hand toolbar, click Settings.

2. Go into Estimating Settings.

3. Scroll down to the bottom of the page to Default Profit.

4. Enter your desired value in the Default and Minimum cells. If you price by percentage, enter your percentage values here.

5. If you work in markup instead of percentage, switch the setting over to Markup. The markup will be multiplied, and you can enter your Default and Minimum markup values there as well.

6. Click Save Settings.

Once saved, this default profit will apply to every new line item you create moving forward. It will not change the profit on line items already saved in existing estimates or proposals -- it only affects line items you create after making this update.

Tips & Best Practices

• Double-Check Your Entry: Confirm the value you entered matches your intended pricing strategy, whether percentage or markup.
• Existing Estimates Are Unaffected: If you need to update profit on line items already in a saved estimate or proposal, you'll need to update those items individually -- this setting only governs new line items.

Why This Matters

• Lets you set a consistent default profit margin, as a percentage or markup, across all new line items without adjusting each one manually.

Summary

To change your company's default profit margin, go to Settings, open Estimating Settings, scroll to Default Profit, enter your default and minimum values as a percentage or markup, and click Save Settings. This change only applies to new line items created going forward.