Margin Slider

(Optional)

By enabling the margin slider in your SumoQuote account, you can easily adjust profit margins in your quotes.

To enable and configure the margin slider in your account:

  1. Click Configuration.
  2. Go to Account Settings.
  3. Select Price List.
  4. In the Margin section, near the top of the page.
  5. Click Edit.
  1. Set your Default Margin for all line items that have not been specified (if no margin is entered it will default to 33%).
  2. Set your minimum margin (the minimum allowable profit margin of your quote).
  3. Toggle whether you would like to use Margin across your entire SumoQuote account.
  4. NOTE: enabling this feature will use Margin in place of Markup across your entire account.

  5. Toggle the margin slider on/off on your Quote Details and Authorization pages.

PRO TIP:

    MARGIN = Profit as a percentage of overall revenue (ex. 35% of our revenues were profit).
    MARKUP = Percentage profit increase over the cost of goods/services sold (ex. We added 35% to our total costs to give us our profit).
 

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