Xero Projects - Standard mark-up on materials
In Xero projects we would like to add standard mark-up to materials. We are currently adding markup to each individual expense item added which is time consuming.
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Trish Smith
commented
This is THE MOST FRUSTRATING part of Xero. I wholeheartedly agree with the comments on this idea. Yes you can manually add it by using *1.1 to add 10% but then you can't see which line you have done this to and which line you haven't if you get distracted while working on a big invoice. Please look at this again. It really can't be that hard when you already have a column for adding a discount!
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Michelle Oldfield
commented
Absolutely agree. there is already a function for discounting but mark up which is a standard practice in most industries is a manual adjustment; when processing multiple transactions in a month this is extremely frustrating!
Failing to have this as an option may force the change of applications and Accounting systems.
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Accounts & Admin
commented
Please add markup settings to Projects.
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Sue McKay
commented
Totally agree. I’m having to use another App and it’s costly and cumbersome but still quicker than what Xero offers. I’m surprised there Arnt a lot more votes. I’ve been asking for this for years. Please fix it. Sue
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Ben Moore
commented
Come on Xero. I'm sure it's not hard. I'll have to change to another app. Who wants to waste their time clicking on 100 products to add the mark up.
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Logan Hebert
commented
Why isn't this a standard feature? It is with nearly every competing product?
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Emma Magill
commented
There is currently no way of putting a default mark-up on supplier invoices that are being assigned to projects. Many of my clients have a set mark-up on all invoices, so the means that they are frequently entering the same information. This would be handy to have a default setting (with the options of it being overriden if needed) to stop having to do the same thing over an over.
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Sue McKay
commented
Absolutely Jeff. I’ve been asking for this for years. Even at every roadshow. Sick of being ignored.
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MC Accountants
commented
Crazy, come on Xero this is ridiculous!!!! One box, Default Mark Up - that's it.
If you then could adjust the ridiculous Staff adding process, then the software is 1000% better and useable. Currently isn't! SORT IT FOR CHRIST SAKE!
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Accounts & Admin
commented
It seems like such a standard requirement and a clear oversight for a 'project' based app. There are other issues which I can live with but this one is by far the most critical issue affecting the bottom line.
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Bronda Smith
commented
I feel the same. We are lucky that we are small enough but it makes is unusable if we were any bigger
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Accounts & Admin
commented
Frustrating and time consuming. We run a building company on a cost plus basis. Not being able to set a default margin rate on bills costs me hours every week during peak times. To get around this, I sometimes create a tracked expense and assign multiple bills at once with the desired margin rate. This isn't ideal of course because it doesn't reflect the actual cost to us and so the profit figures become inaccurate... not sure what to do about this moving forward. Might need to move away from Xero Projects.
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Sue McKay
commented
This is an obvious need to make Xero work in a way that would severely reduce time making our business so much more efficient way. We need this NOW!!! Please
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Bronda Smith
commented
Still waiting for this. The busier we get the more we are having to think about finding another product.
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Bronda Smith
commented
I agree. Time consuming and frustrating
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Kyle Clarke
commented
You should be able to set up a default markup % for expenses or costs in a project. Instead of having to manually apply the markup per expense
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Bronda Smith
commented
When you set up a project it would be good to have the ability to set an automatic mark up for linked expenses. At the moment, I will assign an expense to a project and then I have to manually go into each assigned linked expense and manually add the mark up %.
It would be good to be able to set this for each project so that when you assign an expense the markup is automatically added.