How to Setup Cost Price and Sales Price? (Episode 09)

Cost Price

  • Cost Price is the cost incurred by your organization.
  • For your Organization Unit, you can define Cost Price per Resource.
  • It determines what resource cost is going into a project which will ultimately be used for determining profitability of a project.

Scenario:

  • Organization Unit: Tech Quantum – AU
  • Resource Role and Cost (example) 

Resource Role

AU Resource Cost (Per Hour)

Technical Consultant

$90/Hour

Functional Consultant

$100/Hour

Business Analyst

$125/Hour

Process:

  • On your Project Service Automation App, click the change area and click Sales.
  • Click Price Lists > New to create a new price list.
  • Specify fields on General tab and make sure to select Context = Cost.

  • Click Save.
  • On the Role Prices tab, click New Role Price. You can specify Role, Resourcing Unit and Price.

  • Under Category Prices tab, click New Transaction Category to add various expenses:

  • The Cost Price is ready, now you can attach this Cost Price to the Organization Unit:

Sales Price

  • Sales Price is what you charge to your customer.
  • It determines what price you are going to charge for a project.

Scenario:

  • Organization Unit: Tech Quantum – AU
  • Resource Role and Price (example)

Resource Role

AU Resource Cost (Per Hour)

Technical Consultant

$190/Hour

Functional Consultant

$200/Hour

Business Analyst

$250/Hour

Process:

  • On your Project Service Automation App, click the change area and click Sales.
  • Click Price Lists > New to create a new price list.
  • Specify fields on General tab and make sure to select Context = Sales.

  • Click Save.
  • On the Role Prices tab, click New Role Price. You can specify Role, Resourcing Unit and Price.

  • Under Category Prices tab, click New Transaction Category to add various expenses that you sell:

  • Under Price List Items tab, add the products that you are selling:

  • The Sales Price is ready. You can attach this sales price to a Customer account, under Project Price Lists tab:

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