Home > Knowledgebase > Cim50 > Quotations > Settings > Quote Settings

Quote Settings

 

Quotation Settings

Quotation Reference Prefix: You can specify a prefix to be used in quotation references for newly generated quotes. Can be up to 5 characters long.

Quotation Reference Suffix: You can specify a suffix to be used in quotation references for newly generated quotes. Can be up to 5 characters long.

Quotation Reference Padding: This setting determines the padding length to be used when generating new quote numbers.

Automatically Generate Quotation Reference: This setting determines whether the system will generate new quote numbers for you, or whether they will be manually entered.

Automatically Generate Sales Order Number: This setting determines whether the system will automatically generate sales order numbers for you, or whether they will be manually entered.

 

Overhead Recovery

Material Recovery Percentage: The default percentage that will be applied when creating a new quotation.

Labour Recovery Percentage: The default percentage that will be applied when creating a new quotation.

Machine Recovery Percentage: The default percentage that will be applied when creating a new quotation.

Note: The above Recovery settings will be applied when calculating the costs for the Quote.

 

Defaults

Default Item Mark up: The default mark-up that will be used when calculating Cost. Cost plus (mark-up%) = Sales prices on quotations.

 

Pricing Methods

Pricing Calculation Order: This setting will determine how a quotation will calculate a sales price when an item is added to a quote or a configuration is amended.

The options available are as follows:

  • Cost + Markup – This is the default calculation method in Cim50. When calculating a sales price the quotation will take the items unit cost and increase it by the markup defined on the quotation.
  • Customer Price List – The sales price for an item added to a quote will be pulled from the customer price list in Sage 50 Accounts.
  • Standard Sales Price – The default/standard sales price defined on the stock record financials tab in the Cim50 Stock Record.
  • Zero – The system will not calculate a sales price, setting it to 0.

The order in which you select the items will determine what options are available for the subsequent options.

For example:

If you were to select Cost + Markup as the 1st calculation method, then the 2nd and 3rd options will be disabled. This is because the system will always be able to calculate a price based on the cost price plus markup.

If you were to select the Customer Price List, the system would attempt to get a price from the customer price list. If the item didn’t exist on the customers price list, or the customer wasn’t assigned a price list, then the system would move on to the 2nd price method.