View - Product - Product Register
- Price - Price Calculator
The Price Calculator is used when you want to calculate the retail price for a product. The Price Calculator is split into two tabs and helps you to calculate the Cost price, Gross profit and retail price. Here you can try out different prices and gross profit margins, making it easier to optimise their combination.
If you activated that the
Company wants to track the price history for products then the
Price Calculator will open automatically
when you click New or Edit
in the Price tab for the Product Register.
How to change the price for a product
Open the Price calculator to calculate/edit the sales price.
Enter Date and Time in the Prices valid from field.
Then enter a Description in the field below, for example "Autumn sales". It is not mandatory to enter anything in this field.
In the Standard tab
you can enter the most common price adjustments while in the Advanced
tab you can perform more advanced calculations.
Enter the Cost price, Expenses in terms of labour, warehousing,
transport etc. The Cost price field
displays the Purchase price and
Expenses.
Gross profit can either be entered as a Factor,
Amount or as a Percentage.
If you enter an amount the percentage is automatically calculated. Furthermore,
if you enter a percentage or a factor the amount is also calculated automatically.
Note! If you make changes to the Cost
price or Gross profit you
must select how this will influence the price calculation. You do this
in the drop-down list to the right of the window.
Click OK.
The new price is now being saved.
Note! You need to select the setting:
Company wants to track price history
to set prices determined by date. To create this setting, go to View – Settings – Company – Settings per Module
– Product.
You can change the price for several products at once with the help of the Price Adjustment function. Find out more here.
Read more about: