For clients at invoice time
Same cost. Same percentage.
Two very different prices.
Margin and markup answer different questions. Enter what you paid and the percentage you're working with, and see exactly what each one charges before the invoice goes out.
$
%
Margin
Percentage of the sale price kept as profit
Cost price$0.00
Margin0%
Sale price$0.00
Profit$0.00
Markup
Percentage added on top of cost price
Cost price$0.00
Markup0%
Sale price$0.00
Profit$0.00
Enter a cost price and a percentage to see the difference.
You've selected — — charge
$0.00
Before you quote
Your margin is only as reliable as your cost price.
If supplier bills are coded in the wrong place, or costs are sitting in the wrong period, the margin you're working from isn't the one you're earning. The Mini Audit is where I check.
Begin with the Mini Audit$150 incl. GST · Read only access to Xero · No changes to your file