One of our many goals at Sharpesoft is to provide you with simple to use customization resources that keep your business organized. In the Estimator, we help you do this by making it quick and easy to adjust indirect overhead costs on equipment.
Tip and Trick: "Indirect Overhead Costs on Equipment," was created with efficiency and clarity in mind. Understanding all of the escalation factors influencing your costs will allow you to more adequately prepare for the next pay period. Using this tip and trick, you add and calculate as many escalation factors to your indirect items as you need.
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Indirect Overhead Costs on Equipment: How To
Open the activated job in question.
Select Summary in the taskbar or Ctrl+S.
In the summary window, click on the magnifying glass next to the Total indirect Costs field. In this example, no indirects have been entered yet.
In the indirect window, you will see the total cost as it stands now with no added indirect factor.
Click on the Actions menu in the toolbar. From the drop-down menu, select Item Escalation Factors.
You can now enter whatever item escalation factor you want in the appropriate field. In this example, we will increase the Labor factor by 1.2 (20%).
Item escalation factors can be adjusted from 1.01 ~ 10x.
Click OK.
Backing out to the summary window again, your new value will be shown in the Total Indirect Costs field based on your item escalation factor.
Conclusion
The SharpeSoft Estimator is a simple tool that can help you organize and adjust your owned and rented items to give you the best user experience possible. It’s easy to use, and it makes quick work of helping you keep track of your equipment.
For other helpful blogs about equipment, check out the links below!