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
  
   
  
  

• 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.

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
  
  
  
  
  

• 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.
  
  

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.