In this article, we will describe the 4 pricing types in SynkedUP, and how they work. I have a video recording below describing how it works, giving some context, and then below the video, there are some written explanations and context.

For work where you bill whatever time and materials you use.

Estimated Price: Shows total price of all Estimated items in workarea.

Actual Price: Shows total price of all actual items and timesheets (with no regard to Profit or Price overrides on individual actual items, but with regard to Cost overrides).

Final Price: Shows total price of all Actual items in workarea.

For work where you will bill the price you quoted, regardless what actual time and materials you invest.

Estimated Price: Shows total price of all Estimated items in workarea.

Actual Price: Shows total price of all actual items and timesheets (with no regard to Profit or Price overrides on individual actual items, but with regard to Cost overrides).

Final Price: Matches the Estimated Price by default, but can be overridden to round it off, etc. If you backspace out your custom overridden price, it will revert back to matching the estimated price.

Labor items are ignored and do not get counted at all in Flat Rate workareas. Flat Rate is designed for work that you bill a flat rate for as you go. ie: bill customer $50 each time you salt the parking lot. Hence the name Flat Rate. The system assumes that you have your labor built into your fees. It's for the billing model where you will bill that $50 fee to salt the parking lot, regardless of whether it took 15 min or 30 min, the actual labor will not be added to the bill. (If you wanted to bill the $50 fee plus the actual labor, then you'd want to use pricing type T&M)

Estimated Price: Shows total price of all Estimated items, (except labor items) in workarea.

Actual Price: Shows total price of all actual items except labor (with no regard to Profit or Price overrides on individual actual items, but with regard to Cost overrides).

Final Price: Shows total price of all Actual items (except labor items) in workarea.

You can not generate an invoice on unbillable pricing type work.

Estimated Price: Shows $0.00

Actual Price: Shows total price of all actual items and timesheets (with no regard to Profit or Price overrides on individual actual items, but with regard to Cost overrides).

Final Price: Shows $0.00.

Hit me up in the chatbox if you have any questions or need any clarification. If something is confusing on here, I want to modify it to make it as clear and simple as possible.

Thanks guys!

-Weston