Markups and Discounts Update
This article will go over the recent Rentvine update regarding Discounts and Markups.
Discounts
If you want to have a vendor set with a default discount percentage, you can set this at the vendor contact details page. To do this, from the left navigation menu, go to contacts and click vendors. Click on a specific vendor to view their details. In the details box, you can click the pencil icon to edit. There is a field in here for the discount percent. The percentage entered here will automatically show on any bills where the vendor is selected as the payee.
You can now select three options, which are None, Percent, & Flat Amount
This will need to be set on every vendor contact individually, on all the vendors you would like to have a default discount amount for.
You can also now add a minimum/maximum amount for a discount
This means when creating a bill, a discount will automatically be a minimum of the amount entered, but will not go over the maximum amount.
This is only available for the percentage markup type.
Markups
You can add a default markup field on the property level now to have this amount automatically pull this when creating a bill.
Navigate to the property you would like to do this for first, and click on Settings
Click the pencil icon under the Accounting Settings
Here you can add the markup amount so Rentvine pulls this information automatically on bills created. You can select three options, which are None, Percent, & Flat Amount
This will need to be set on every property individually to have a default markup amount.
You can also now add a minimum/maximum amount for a markup
This means when creating a bill, a markup will automatically be a minimum of the amount entered, but will not go over the maximum amount.
This is only available for the percentage markup type
Bill Creation
When you now create a bill, selecting a property and the vendor, the markup and discount field will now automatically populate these fields entered on the property or vendor contact level.
Hovering over the ' i ' icon will provide more information on where this amount is being pulled from.













