Livespace

In Livespace, it is possible not only to analyze the expected and realized incomes, but you can also analyze costs and profits related to a particular deal. To do this, you need to turn on Add costs option in Livespace.

<a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#add-costs" rel="nofollow noopener noreferrer" target="_blank">Turning on Add costs feature in Livespace CRM</a>

<a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#adding-editing-removing-costs" rel="nofollow noopener noreferrer" target="_blank">Adding, editing and removing cost categories in Livespace</a>

<a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#costs-on-the-deals-profile" rel="nofollow noopener noreferrer" target="_blank">Costs on the Deal’s profile</a>

<a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#adding-costs-to-deal" rel="nofollow noopener noreferrer" target="_blank">Adding costs to the Deal</a>

- <a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#add-costs" rel="nofollow noopener noreferrer" target="_blank">Turning on Add costs feature in Livespace CRM</a>
- <a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#adding-editing-removing-costs" rel="nofollow noopener noreferrer" target="_blank">Adding, editing and removing cost categories in Livespace</a>
- <a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#costs-on-the-deals-profile" rel="nofollow noopener noreferrer" target="_blank">Costs on the Deal’s profile</a>
- <a href="https://www.livespace.io/en/kb/cost-and-profit-in-crm/#adding-costs-to-deal" rel="nofollow noopener noreferrer" target="_blank">Adding costs to the Deal</a>

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Turning on Add costs feature in Livespace CRM

If you want to be able to enter information about costs in Livespace:

From the menu on the left, select Deals.

Choose the option Turn on cost addition in deals

1. Go to the Account settings.
2. From the menu on the left, select Deals.
 dealsmenu
3. Go to the General tab.
4. Choose the option Turn on cost addition in deals
 costadd

Adding, editing and removing cost categories in Livespace

Go to Account settings as an administrator.

Existing cost categories can be removed by clicking on the x, or edited by clicking on the notepad icon.

A new cost category can be added by clicking on Add category button.

Costs can also be grouped (same as products). In order to create a group click on Add category group.

When you add a group, it will be visible on the list, along with cost categories. In order to add a category to a chosen group, click on the notepad icon by cost category and choose a group from the list.

1. Go to Account settings as an administrator.
2. Open Deals tab.
 dealsmenu
3. Go to Costs tab.
4. Existing cost categories can be removed by clicking on the x, or edited by clicking on the notepad icon.
 costs1
5. A new cost category can be added by clicking on Add category button.
 addcat
6. Costs can also be grouped (same as products). In order to create a group click on Add category group.
 cat
7. When you add a group, it will be visible on the list, along with cost categories. In order to add a category to a chosen group, click on the notepad icon by cost category and choose a group from the list.
 new-costs

When you activate Add costs feature, three new tabs will appear on Deal’s profile.

Products – products and services added to the deal.

Costs – which you can divide into Forecast and

Profit – is the difference between Products and Costs (can be Forecasted and

Adding costs to the Deal is a process similar to the one of addding products:

On the Deal’s profile go to Costs tab in Products, Costs and Profit section. You’ll find it in the bottom-right corner of the Deal’s profile:

When the new window pops-up click on Add a cost…, it will allow you to choose the cost from the list or search for it:

The cost will appear in Products, Costs and Profit section.

1. On the Deal’s profile go to Costs tab in Products, Costs and Profit section. You’ll find it in the bottom-right corner of the Deal’s profile:
 costs2
2. Click on Add.
 addcost
3. When the new window pops-up click on Add a cost…, it will allow you to choose the cost from the list or search for it:
 addcost2
4. Choose a cost.
 commision
5. Click on Add to save it.
6. The cost will appear in Products, Costs and Profit section.
 costs3

Turning on costs, makes this feature available in Finances section as well.

- Turning on costs, makes this feature available in Finances section as well. 
 finances