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Overhead and Profit

Last Post 02 May 2007 06:54 PM by Tom Rongstad. 5 Replies.

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Helen Palmer User is Offline

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Posts:3

23 Apr 2007 08:54 PM
I'm being asked to apply a flat 20% to overhead and profit. No 10 & 10. I can't find an option in Xactimate 24 that will allow a flat line item 20% overhead & profit. Is there a way to do this? Thanks!

Roy Cupps

CatAdjuster.org
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Posts:358

24 Apr 2007 02:24 AM
When you say a flat 20% are you wanting it listed as a one line item? The O&P boxes on the estimate parameters page will take any percentage you wish to use, but it will list on two lines, be sure cumulative is not selected, cumulative will apply the profit to the subtotal plus the overhead amount, so if you are using 10 and 10 selecting cumulative would give you 21%.

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John Pendergrass User is Offline

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Posts:9

29 Apr 2007 01:47 AM
Have you tried to just use one at 20% and the other at -0-, then put a tag line under them, most firms want the 10 /10, maybe more info is needed, The wise one , Mr Cupp, is correct, but must check the settings,

John Smith User is Offline

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29 Apr 2007 08:34 AM
Uncheck the cumulative box located below where you enter the 10 & 10

Gale Hawkins User is Offline

PowerClaim.com
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02 May 2007 05:43 AM
On the subject of O&P is sales tax always collected on overhead and profit, one but not the other, neither, etc? Does this seem to be by state statue or can it vary down to the county/cite level? Any experiences would be appreciated.

Tom Rongstad User is Offline

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