I often get asked what's the best way to use Bid Markups. My best practice recommendation is to use Item Types markups for your Overhead percentage, then use the Overall Markups for your profit. Example: A bid of $10,000 is first marked up in Item Types by 10% giving a subtotal bid of $11,000. Then using an overall markup of 20% I get a total of $13,200. My total markup dollars in this example are $3,200.
If I only combined the 10 & 20% into 30% in the overall markups, my total would only be $3,000 markup dollars for a total bid of $13,000.
With this suggested method, you end up adding profit dollars on top of your overhead calculation, which insures the best bottom line for you.
Changing the way contractors do business!
Tuesday, March 31, 2009
Thursday, March 26, 2009
Latest Release - Have you got it?
CSG's latest release is dated 02-02-09. Do you have this release? To check and see, open one of your CSG products and choose Help/About from the main file menu across the top. In the gray box look for the "Release Date". If it says 02-02-09, you have our latest enhancements and patches. Stay current by going to our customers area of the CSG website. Just click here to go directly to the customers login area. Hint: You'll need your customer webcode for the login & password. Don't have it? Call us at 651-777-7716 x 2,2 and we'll be happy to assist.
From the CST Team, thank you!
From the CST Team, thank you!
Wednesday, March 25, 2009
IRS Releases New Tax Tables
At the end of February, the IRS released a new Circular E publishing the new revised tax tables for payroll withholding. CSG has updated our "tax tables" page of the www.csgsoftware.com website under the Customers area. Simply login with your web code, download the PDF and make the appropriate changes per the instructions in your payroll setup.
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