Typically, your costs for your clients go up by a certain percentage (%). It’s a standard practice to update the entire Price List consistently as and when there’s an increase.
This is a great feature to update the entire Price List by a defined % and then reflect this in the Estimates in your Project in PSA. Let’s take a look –
Let’s say your original SalesPrice for a Developer role is $50
And the same is reflected in the Estimates in a Project as well. Based on $50 for Developer i.e. resource Priyesh Wagh will spend 12 hours. So 12 * $50 for that week of 1st Dec is $600
Updating Prices in Sales PriceList
Now, there’s an increase you want to apply. With just a simple change, you’ll be able to do so.
Assuming the PriceList in question here is SalesPriceListUS and you want to add a 10% increment to the same. Simply click on Update Prices button as shown below.
And specify the % of increment to be applied. Use Negative number to Decrease.
And there we go, a 10% to $50 is applied to all items as indicated.
Update Price on Project’s Estimates
Similarly, to bring the change to the desired Project, look at the Estimates tab on the Project and click on Update Price button to effect the Prices on the table as well.
And you’ll see the updated prices in Sales time-phase in the Project Estimates
Hope this helps!!