Setting item prices

Stock > Setting item prices

Setting item prices

You can set the default selling prices of the items you sell in the Set Item Prices window. Then, if required, you can change the prices at the point of sale, which overrides the default prices for that sale only.

To change the price of an item

1

Go to the Stock Control command centre and click Set Item Prices. The Set Item Prices window appears.

If an item is not listed, it means that you haven’t selected the I Sell This Item option on the Profile tab of the Item Information window.

2

Click in the Current Price column of an item and enter a new price. Do this for each item price you want to change.

You can enter unit prices with up to four decimal places. On your invoices, the unit price is multiplied by the quantity sold and the result is rounded to two decimal places.

3

To update the prices of multiple items at once

You can update the prices of multiple items at once using pricing shortcuts.

1

Go to the Stock Control command centre and click Set Item Prices. The Set Item Prices window appears.

2

Click the select column (

) next to the items that require a price update.

3

Indicate how you want the price rounded, the basis for calculating the price, and so on.

For example, if you want to mark up the items’ prices by 10%, select the Percent Markup option and type 10 in the adjacent field.

4

If you want to:

n

update the items you marked in step 2, click Update x Items Only

n

update the prices of all items, click Update All Items.

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Creating custom price levels

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Average Cost, Last Cost and Standard Cost

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