Service Titan Knowledge Base

Price Setup Wizard: Individual vs. aggregate material mark-upsLast updated on 09/09/2022


Things to know

  • When you configure your account for material mark-ups, you have the option of individual or aggregate mark-ups.

  • If your account is configured for individual material mark-ups, material mark-up rates are applied at the individual item level.

  • If your account is configured for aggregate material mark-ups, the material cost determine the mark-up rate. For example, you can set a mark-up rate of 40% for all material items that cost under $100.

  • To change your material mark-up setting, contact your success or implementation manager.


Set up your material mark-ups

The material mark-up table is located in the Materials section of your pricebook (Pricebook > Materials). Follow the steps in Setup material mark-ups.

Note: Newly entered mark-ups are not applied to pricebook items until you run the Price Setup Wizard.


Individual material mark-ups example

Example pricebook details:
  • Service 001 sold hours: 2 sold hours

  • Cost of Material A: $50

  • Cost of Material B: $150

Material Mark-Up Table:

  • 15% mark-up on material costs between $0 to $100

  • 20% mark-up on material costs between $101 to $200.

Example Price Setup Wizard details:
  • Billable rate (hr): $100

  • Surcharge: $0

This would be the Price of Service 001 with individual material mark-ups:

[2 sold hours x $100 billable rate per hour] + $0 surcharge + [$50 cost of Material A] + [15% individual item mark-up] + [$150 cost of Material B] + [20% individual item mark-up] =$437.50

The Price of Service 001 is $437.50.

Note: The same mark-ups apply to Member Price, Add On Price, and Member Add On Price.


Aggregate material mark-ups example

Example pricebook details:
  • Service 001 sold hours: 2 sold hours

  • Cost of Material A: $50

  • Cost of Material B: $150

Material Mark-Up Table:

  • 15% mark-up on material costs between $0 to $100

  • 20% mark-up on material costs between $101 to $200.

Example Price Setup Wizard details:
  • Billable rate (hr): $100

  • Surcharge: $0

This is the Price of Service 001 with an aggregate material mark-up:

[2 sold hours x $100 billable rate per hour] + $0 surcharge + [$50 cost of Material A + $150 cost of Material B] + [20% aggregate mark-up] =$440

The price of Service 001 is $440.00.

Note: The same mark-ups apply to Member Price, Add On Price, and Member Add On Price.



Important note: Some features may not be currently included in your account and additional configuration may be required. Please contact technical support for details.