Message-ID: <865312076.14552.1611413681724.JavaMail.csuser@audmzcmscf01.aumeldmz.local> Subject: Exported From Confluence MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_Part_14551_1437482704.1611413681722" ------=_Part_14551_1437482704.1611413681722 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Location: file:///C:/exported.html Setting item prices

# Setting item prices

Not available in AccountRight Basics

You can set the default selling prices of the items you sell using the <= strong>Set Item Prices window. Then, if required, you can change t= he price at the point of sale, which overrides the default price for that s= ale only.

If you have different selling prices for different customers or use quan= tity breaks, see Custom pr= ice levels.

If you need more options to bulk update your prices, you can also use sp= readsheet tools such as Microsoft Excel.

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Entering i= tem cost

You can enter an item's tax inclusive standard cost= price on the Buying Details tab of the item. Learn more about standard cost.

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To set the price of an item
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### To set the price of an i= tem

1. Go to the Inventory command centre an= d click Set Item Prices. The Set Item Pr= ices window appears. If an item = is not listed, it means that you haven=E2=80=99t selected the <= strong>I Sell This Item option on the Pr= ofile tab of the Item Information
2. From the Basis for Calculation list, sele= ct whether you want to show the average cost or last cost of each item. Thi= s will help you compare the selling prices of your items to their cost.

Select.. If you want to view...
Average Cost the total on-hand cost of each item divide= d by the number of units you have on hand.
Last Cost the most recent purchase price for the ite= m.
3. 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, th= e unit price is multiplied by the quantity sold and the result is rounded t= o two decimal places.
4. Click OK.

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To set the prices of multiple items at once=
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### To set the= prices of multiple items at once

1. Go to the Inventory command centre and cl= ick Set Item Prices. The Set Item Prices=  window appears.

2. Click in the select column ( ) next to the items that = require a price update.
3. Click Shortcuts. The Pricing Shortcu= ts window appears. 4. Indicate how you want to calculate the new prices and apply rounding. <= span>For example, if you want a markup of 30% over the average cost of your= items, select the Percent Markup o= ption, type 30 in the adjacent field and select Average Cost as the basis o= f calculation.
5.  If you want to:
• update only the items you selected= in step 2, click Update Selected Ite= ms.
• update the price of all items, click&nbs= p;Update All Items.

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To set the prices of multiple items using E= xcel
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### To set= the prices of multiple items using Excel

There are more ways to update the Item Selling Price in bulk if the opti= ons in the Pricing Shortcuts window don't suit you.

For example if you want to increase the Selling Price by 10% then the wa= y to do this is to open and modify an exported file using Microsoft Excel. Watch this = video to learn how it's done.

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