Home → EstiMate Version 1 → Financials: Hard Numbers Etc. → When I change my tax rate how will it affect my estimates and jobs?
2.30. When I change my tax rate how will it affect my estimates and jobs?
The state where I live recently had a tax increase and I am wondering when I update my software with the new tax rate how will it affect my pre-existing estimates and jobs?
Your pre-existing estimates or jobs will not be affected by the new tax rate unless they are recalculated. A re-calculation can occur if you convert an estimate to a job or revert a job back to an estimate. Recalculation can also occur if you pull up an estimate or job that was done before the tax increase and press the 'calculate total' button on any of the line items. If you want to preserve the old tax rate on any pre-existing job or estimate do not do any recalculations.
I was doing an estimate a couple of weeks ago, and had already figured in my head about what the price should be. I knew that a competitor had bid on this job, and the customer had always been ours. Needless to say, my 'in my head' estimate was influenced by the fact that I didn't want to let the customer go to someone else. Common sense prevailed, and I went to EstiMate for a cross-check. The price came out nearly 35% higher than my "guess." Now came the hard part. I had to resist the temptation to override, and tell myself to remember that we do this to make a profit! I went with EstiMate's full price, and got the job. It turned out, in fact, that we were substantially less than the other guy, and the customer questioned why. I showed him the full itemized estimate, and now he is confident about our price AND our PROFESSIONALISM!
-- Doug Gossoo, Prosign, Kelowna, British Columbia- EstiMate is perfect for:
- Sign estimating
- Vehicle wraps pricing
- Flatbed digital print pricing
- Wide format print pricing
- Thermal digital print pricing
- Vinyl sign pricing
- Screen print pricing
- Sandblasted sign pricing
- RTA graphics pricing
- Window graphics pricing
- Embroidery pricing
- Screen printed garment pricing
- Dimensional item pricing
- Labor item pricing
- Retail item pricing
Connect with us!