Net Cost Table

Net Cost Table

Net Cost is the amount that it costs you to engage a particular classification or material. These costs are used to calculate your Actual Costs Report for your Jobs.

The Net Cost Table is then used to create your Billable Pricing Tables. They will also appear in any additional Billable Pricing Tables you may have customised for to suit a customer, site or project, but will be marked as inactive. You will need to edit them within the specific Billable Pricing Table, as applicable.

If the cost is for a labour classification, then this amount should include applicable remuneration plus superannuation, insurance and percentage for administration costs.

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.
Qic-Tip
Save time and use the QicWorks Setup Wizard to import your 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.

Net Cost Table

This table will auto-populate with any Classifications or Materials that you have already created.  

Classifications appear at the top of the table, with Materials following,

A    Navigation Breadcrumbs: Click on hyperlinks to jump to that screen, 
B    Page Toggle Width: Click to increase or decrease the page width
  Navigation Menu: Click to return to Cost Management
D    Actions Menu: Click update or print Net Cost Table
  Net Cost Table: Overview of this pricing list

Contained in this table is:
 Classification Table

    Field Name
   Function
      N ame
     Name of Classification or Material
    Code
   Material code        
   Abbreviation
   Short form name of Classification
   Resource Type
    Resource Catergory
   Charged
   Hour this Classification or Material is charged
   Rate
    The allocated rate for normal time (NT), time & half (1.5T), double time (2.0T) and double time & half (2.5T) or Custom Rate
   If the classification is charged as Daily, Weekly, Monthly, Yearly or Once, then the rate is entered in the normal time column only. 

For information about how to edit or add Costs to the Net Cost Table, see: Action: Update Net Costs
For information about your sell pricing tables see: Billable Cost Table  or Action: Update billable Costs

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