Introduction
The purpose of this guide is to provide an overview of the Overhead Recovery process in Manage360. Topics covered include a definition of different cost types, Overhead Recovery models supported by Manage360, and how to verify the successful setup of Overhead Recovery. Incorporating Overhead Recovery into pricing is critical to ensure that the indirect costs of running a business do not cut into profits. Accounting for these costs and integrating them with an Overhead Recovery system allows them to be recovered over the course of a year by marking up products or services, and the overall effect is increased profitability. The way items are marked up depends on the Overhead Recovery model being used, the configuration of that Recovery model, the makeup of your direct costs as well as the total amount of Overhead to be recovered over the year.