Difference between revisions of "12 Floating Price"
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Simon Clive (Talk | contribs) (Created page with "Floating Price What effect is there of NOT defining the sell price for the BOM? Not defining a fixed sell price means that the price will change depending on the cost of the in...") |
Simon Clive (Talk | contribs) |
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| − | Floating Price | + | '''Floating Price''' |
| − | What effect is there of NOT defining the | + | What effect is there of '''NOT''' defining the '''Sell Price''' for the '''BOM?''' |
| − | Not defining a | + | '''Not''' defining a '''Fixed Sell''' price means that the price will change depending on the cost of the '''Inputs'''. In the case of our wagon, we give the buyer a choice of colour which has no impact on price and a choice of wheels which does change the '''Sell Price''' because some wheels are more expensive than others. Having a '''Floating Price''' ensures that you are always selling your product at the set '''Markup'''. <br> |
| − | our wagon, we give the buyer a choice of colour which has no impact on price and a choice of wheels which does | + | |
| − | change the | + | |
| − | you are always selling your product at the set | + | |
| − | Note: If you change a component product in the Bill Of Materials, you must save the product and then re-open it and | + | '''Note''': If you change a component product in the '''Bill Of Materials''', you must save the product and then re-open it and re-enter the '''Markup %''' to recalculate the price. |
| − | re-enter the | + | |
| − | + | *From the '''Main Menu''' select '''Inventory''' and create a new Product of the type'''Inventory Part''' | |
| − | + | *Enter a '''%(Ex): Cost/Sell''' which will be your '''Gross Margin %''' regardless of the cost of the product | |
| − | Enter a %Cost/Sell which will be your Gross Margin % regardless of the cost of the product | + | *Set the '''Qty Sell''' price as '''$0.00''' The system will now calculate the sell price for each order |
| − | Set the | + | |
Latest revision as of 10:25, 2 December 2011
Floating Price
What effect is there of NOT defining the Sell Price for the BOM?
Not defining a Fixed Sell price means that the price will change depending on the cost of the Inputs. In the case of our wagon, we give the buyer a choice of colour which has no impact on price and a choice of wheels which does change the Sell Price because some wheels are more expensive than others. Having a Floating Price ensures that you are always selling your product at the set Markup.
Note: If you change a component product in the Bill Of Materials, you must save the product and then re-open it and re-enter the Markup % to recalculate the price.
- From the Main Menu select Inventory and create a new Product of the typeInventory Part
- Enter a %(Ex): Cost/Sell which will be your Gross Margin % regardless of the cost of the product
- Set the Qty Sell price as $0.00 The system will now calculate the sell price for each order
