Pricing Types define how your business calculates the sell price for each resource category — whether by applying a gross margin percentage, a markup percentage, or a fixed rate. Once configured, pricing types are automatically applied when adding resources to estimates, ensuring consistent and controlled pricing across your team.
Where to Find Pricing Types
Navigate to Settings → Business Unit Settings → Pricing Types tab.
Navigation path: Dashboard → Settings → Business Unit Settings → Pricing Types
The Pricing Types List
What you see on this screen
| # | Element | Description |
|---|---|---|
| 1 | Settings Sidebar | The left sidebar groups all Business Unit Settings. Pricing Types is highlighted under Financial Setup. |
| 2 | Page Header | Confirms you are on Pricing Types. |
| 3 | Create Pricing Type | Opens the creation dialog. |
| 4 | Search Bar | Filter pricing types by name or category. |
| 5 | Column Headers | Sort and filter by any column. |
Creating a Pricing Type
Click + Create Pricing Type to open the dialog.
Form Fields
| Field | Required | Description |
|---|---|---|
| Category | Yes | The resource category this pricing type applies to (e.g., Labor, Materials, Equipment). |
| Display Value | Yes | A numeric identifier for this pricing type (e.g., 1, 2). |
| Calculation Method | No | How the sell price is derived — see below. |
| Sort Order | No | Controls the order this type appears in dropdowns. |
| Target Gross Margin % | No | (shown when Calculation Method = Gross Margin %) — The target margin to achieve (0–99.99%). |
| Minimum Gross Margin % | No | The floor margin — the sell price will never go below this margin. |
| Markup % | No | (shown when Calculation Method = Markup %) — The markup applied over cost (supports 4 decimal places). |
| Active | No | Toggle on to make this pricing type available for selection. |
| Default | No | Toggle on to automatically apply this type for the selected category. |
Calculation Methods Explained
| Method | How it works |
|---|---|
| Gross Margin % | Sets sell price so that (Sell - Cost) / Sell = Target GM%. E.g., a 40% GM on a $100 cost gives a $167 sell price. |
| Markup % | Sets sell price as Cost × (1 + Markup%). E.g., a 50% markup on $100 cost gives a $150 sell price. |
Example: A Standard Labor Pricing Type
| Field | Value |
|---|---|
| Category | Labor |
| Display Value | 1 |
| Calculation Method | Gross Margin % |
| Target Gross Margin % | 45 |
| Minimum Gross Margin % | 30 |
| Active | On |
| Default | On |
Tips & Best Practices
- Set up at least one pricing type per resource category (Labor, Materials, Equipment, Subcontract) so estimates always have a method to calculate sell prices.
- Use Minimum Gross Margin % as a safeguard — it prevents estimators from accidentally pricing below your profitability floor.
- Mark the most commonly used type as Default so it pre-populates when adding resources to estimates.
Related Topics
- Unit of Measures — Units used on the resources being priced
- Chart of Accounts — Accounts that revenue and costs post to