What are Profit Margins and Discounts Used For?
The margin is the profit (or markup) that a company earns from a sale. A discount is an acceptable amount that can be deducted from a product price.
Markups and discounts can be configured by navigating to Pricing Discount and Thresholds in the Configuration menu on the Sales Quote Dashboard.
Discounts can be applied manually to a proposal in an ad-hoc manner, or they can be set up to apply when a particular threshold is met automatically.
For example, you may want to provide a special discount for your customers or promote sales volumes with threshold discounts configured by value or volume, respectively. Let's take the below example, "5% discount on value over $1000" when the proposal value reaches the $1000Â threshold, a 5% discount will be automatically applied. This can be overridden still inside the quote if you require.
Related User Guide Topics
Creating Automatic Sales Quote Discounts
13 Mar 2022
This controller will allow you to set system-wide discounts, and if needed set thresholds that will automatically trigger discounts for your sales quotes.
Disabling Discounting in Sales Quotes
13 Mar 2022
It maybe a requirement for some administrators of QuoteCloud to prevent Sales Consultants from applying discounts.
Creating Profit Margin Rules
13 Mar 2022
QuoteCloud makes it easy to setup a company wide margin which can be dynamically included in any sales quote. Learn how this is done.
What Are Profit Margins & Discounts Used For?
13 Mar 2022
The margin is the profit (or markup) that a company earns from a sale. A discount is an acceptable amount which can be deducted from a product price.
Order Quantity Price Discounting
13 Mar 2022
In some cases there is a need to provide a customer a discount based on the quantity ordered of a particular product, these are called Price Discount Quantity Breaks. Learn how to set these up.
Switch Off The Profit Margin Calculation In The Sales Quote Editor
13 Mar 2022
QuoteCloud provides the option to display the sales quote profit margin in the Sales Quote Editor. However, in some instances, you may not want this visible. To toggle this setting on or off, follow these steps.