FAQ: Managing Premiums and Other Costs in QuoteX

Q1: How are "Other Costs" defined in QuoteX?

A: "Other Costs" are expenses beyond resource costs. When "Impact ASM" is toggled on, both the cost and price for "Other Costs" are included in total cost and total price calculations. When "Impact ASM" is toggled off, both cost and price for these items are excluded from the totals.

Q2: How can I add a premium to the price without including it in the cost calculation?

A: To add a premium amount to the price while excluding it from the cost calculation, zero out the costs for that item in each period column within the "Other Costs" tab. Then, define the total price directly in the editable "Total Price" field for that item. Make sure that for the time the Cost Impact ASM is toggled ON.

Q3: How do I handle a scenario where a cost should be included in the total cost but not in the total price?

A: For situations where you want a cost included without impacting the price (i.e., non-billable items), mark the item as non-billable. This will ensure the cost is counted in the total calculation while excluding it from the total price.

Q4: What happens if I toggle "Impact ASM" on for Other Costs?

A: Toggling "Impact ASM" on will add both the cost and price of items in the "Other Costs" tab to the total cost and total price, which will affect the ASM calculation.

Q5: What is the effect of toggling "Impact ASM" off for Other Costs?

A: With "Impact ASM" toggled off, the costs and prices for items in "Other Costs" are excluded from the total cost and total price, ensuring they do not impact the ASM calculation.

Q6: How do I ensure my ASM calculation is accurate when adding a premium?

A: To keep ASM accurate, include the premium in the total price without adding it to the cost. This is achieved by zeroing out the premium cost field and adjusting only the price in the "Other Costs" tab.

Q7: Can I edit the total price for an individual item in "Other Costs"?

A: Yes, you can directly edit the "Total Price" field for each item in "Other Costs" to reflect only the intended charges, such as a premium, without adjusting costs.

Q8: Is there a way we can make the total cost field on the other cost tab editable? Or does it just reflect the roll-up calculation? 

A: Total Costs is a roll up of other costs value defined in each period column, hence it is not editable.