Adding a Product Pricing

Product Pricing

The pricing tab of the Create New Product dialogue is where you set your products buy and sell prices. You can enter the cost price of your product, and set margins (or markups) for both trade and retail customers.

If you are VAT registered you can also specify which rate of VAT should be assigned to this product. If you are not VAT registered the option to set VAT will not appear.

Not everyone requires to use both trade prices and retail prices. If your business sells products and services for one price to all, then use the retail price section as this is the price that will be used by default for quotes and invoices. The use of trade prices will be covered in a later section.

Cost Price: Enter the cost price of the product. This is how much the product costs you to buy.

Click the Price Checked button if you want to easily set the date that you last checked the price of the product to today. Whenever you change the cost price of a product, Easify will automatically set the Last Checked Date for the product to today's date, the Price Checked button allows you to set the date the product was last price checked to today in cases where the cost price hasn't actually changed.

VAT: If you are VAT registered select the VAT rate that applies to this product.

Trade Price: Enter the price at which you wish to sell this product to trade customers.

Trade Inc VAT: If you are VAT registered you can enter the price at which you would like to sell this product including VAT.

Trade Margin %: Enter the margin that you would like to apply to this product for trade sales.

Trade Markup %: If you prefer to work with markup, enter the markup that you would like to apply to this product for trade sales.

Retail Price: Enter the price at which you wish to sell this product to retail (non trade) customers.

Retail Inc VAT: If you are VAT registered you can enter the price at which you would like to sell this product including VAT.

Retail Margin %: Enter the margin that you would like to apply to this product for retail (non trade) sales.

Retail Markup %: If you prefer to work with markup, enter the markup that you would like to apply to this product for retail (non trade) sales.

NOTE: All the price fields update in real time. You can enter a value into any price field and it will automatically update the values in the other related text boxes. This is useful when you wish to enter in a round Inc. VAT price such as £9.99 and have Easify automatically calculate the required margin to achieve this price.

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