Pricing settings vary based on the Item Group (i.e. Labor, Expense or Products/Parts), and the pricing method which is selected (fixed-price or employee-rate).
Products/Parts:
The pricing for Parts is simple and consists of the Price and the Cost. The cost is the price you pay for the Item when you purchase it from your Vendor.
Expense:
The Price Source field for Expense Items determines if a fixed-price or employee-rate should be used.
The Price may be per unit or per hour. For example, you can charge your customer for Parking expenses with a fixed price per parking event or with hourly parking expenses.
The Cost is the price you originally paid for the Expense Item.
Labor:
The Price Source field for Labor Items determines if a fixed-price or employee-rate should be used. If using fixed-price, it can be per unit or per hour.
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