Action: Add New Net Cost

Action: Add New Net Cost

As your business scales, there will no doubt be times when you will need to add new items to your Net Cost Table.

The Net Cost table is your price list that shows you the actual cost you have incurred to engage a particular classification or material.

Adding new labour, equipment or materials prices is super easy as any details entered in the Net Cost Table will automatically copy across to of your Billable Cost Tables. Once entered, navigate to any applicable Billable Cost Tables, update your sell rates for ths new cost and mark it as active.

DO NOT INCLUDE OVERHEAD OR MARGIN WITHIN THESE RATES. 
Only classifications or materials that have a status of "Active" in the Net Cost Table will appear throughout QicWorks.
Each account can only have 1 Net Cost table.
 
Navigation       

Click on   Business  from the main menu, then click on  Settings  .  C lick on   Cost Management   from the Financial Settings menu.  Click on  View table  from the Net Costs menu.

Adding a New Cost to your Net Cost Table

Use the above navigation to access your Net Cost Table

1.  Click on Update Net Costs from the Actions menu.



2 . Click on Add New Cost from the Actions menu
For details about the Add Custom Rate link see Custom Rates . For details abou the Add Classification link see Action: Add Classification.

3.  Once clicked you will be asked what type of Cost would you like to add

A.  Add Staff: Use this button when adding a labour resource. Clicking this button will direct you to the QicWorks Add New Employee page. For more details see  Action: Add New Staff
Note: you will only be able to assign an existing Classification to this Staff member.

B.  Add Other Resource: Use this button when adding another resource that you wish to capture time and schedule for ie equipment - Crane etc. For more details see:  Action: Add Resource
C.  Add Material:  Use this button to add a new material. For more details see:  Action: Add Material to Pricing Tables
Don't forget to click  Save  to save your changes.  
For information about what is your Net Cost Table, see:  Net Cost Table  or Action: Update Net Costs
For information about your sell pricing tables see:  Billable Cost Table  or  Action: Update Billable Costs


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