Problem: Overhead & Profit is on the estimate when no O&P is needed or you wish to remove it.
Solution: Remove the O&P. To remove the O&P click on the Claim Info tab and then on the Parameters tab.
Once on the Parameters Page locate the O&P section and change the amounts to $0.00. No O&P will be added to the complete estimate.
Problem: O&P on an item that does not need O&P when O&P applies to the rest of the estimate.
Solution: To remove O&P from an individual item like roofing, click on the Unit Cost and be sure the Non-O&P option is selected.
Problem: O&P is added to the Sales Tax
Solution: If your instructions indicate that no O&P should be added to the tax. To do this click on the Claim Info tab and then the Parameters as shown below.
Once on the Parameters screen look for the Sales Tax button and click it.
After clicking the Sales Tax button you will see the following.
Click on the Tax Type Drop Down (highlighted in the image above) to change to Neither.
When you proof your estimate you should see the Sales Tax after the O&P. You do proof your estimates, right? Be sure to check the client instructions for any special guidelines related to O&P. The images below apply to the Sales Tax.
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11/20/2008 10:00 PM
4/30/2009 3:46 PM
Roy, What has happened since 2006? You haven't entered any tips on Xactimate, nor has anyone else. I am new to the program and am looking for input from seasoned users. Anyone out there?
Texas Adjuster License Online
1/26/2010 10:15 AM
Same here: looking for tips on Xactimate.
7/23/2010 3:52 PM
WARNING!!!!!!!!! When you download a price guide from Xactimate they tax setting is set according to that States Tax Laws. Changing the tax setting can get you into trouble if a savvy GC or public adjuster finds out your doing it. Read more about this in Xactimate Help.You may post any Xactimate questions to me at firstname.lastname@example.org I am currently teaching Xactimate 27.
In this quick tip we cover issues related to Overhead & Profit (O&P) that you may encounter in the field. Some clients may request that you handle O&P in a different way then what your current default settings allow. In those cases you may only wish to change the settings on a selected file instead of changing your system setup.
This is an article I have considered writing for years, one that deals with some of the emotional/psychological elements of working with people who have experienced personal crisis as a result of a catastrophic event, especially with regard to what this means for effective claim settlement.
The life of a road warrior can be hard, not only on the traveler but also on his or her family. Experienced business travelers explain how they MAINTAIN THE PERSONAL-PROFESSIONAL BALANCE...
If you are currently working with Xactimate 27, then you may wish to get the Training Workbook.