Budgeting
You know what separates a markup from an account, how a markup arrives at its amount, and what subtotals are for.
A markup is a cost that belongs to no single line — a handling fee, a contingency, an insurance premium. It is not budgeted; it is calculated from what has been budgeted.
**Base × Percentage**
That is the structural difference from an account, which asks for a quantity and a price.
Markups live in their own area at the bottom of the category list.
The base is a formula field, so it takes four kinds of thing.
**A flat amount.** An insurance premium quoted at 12,000 is base `12000`, percentage `100`. Nothing requires a markup to be derived from anything — the percentage exists so that it *can* be.
**A budget total.** A handling fee is usually a percentage of net production costs, so the base is the net-production-costs variable.
**One company's spend.** On a coproduction each partner's fee is calculated from what that partner carries:
That adds up every account attributed to one company, using each account's share, and re-calculates when the split changes. One markup per partner. The name goes in quotes and must match a company you have defined — the formula dropdown will insert it for you.
**A subtotal you defined.** See below.
Which budget totals may be used as a base is not the same everywhere.
You can insert **subtotals** between categories and within the markups area. A subtotal is a running total at the point where you place it — the figure a reader needs part way down a budget, such as "total before markups".
They are not only display. Every subtotal becomes a **variable**, so it can be the base of a markup or sit inside any other formula. That is what makes layering possible: a contingency calculated on a subtotal that already includes the handling fee.
A markup can carry a company and an effect, so a handling fee can be attributed the same way the costs it is calculated from are. The details panel shows a reduced set for a markup row.
**Tax is not among them.** A markup cannot carry a tax, because a tax refunded below 100% collects into an account that counts toward net production costs — the very figure most markups are calculated on.
Markdown