Entering item 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.

To set the price of an item

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   Go to the Inventory 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. Learn more about creating items

2. From the Basis for Calculation list, select whether you want to show the average cost or last cost of each item. This 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 divided by the number of units you have on hand.
   Last Cost	the most recent purchase price for the item.

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, the unit price is multiplied by the quantity sold and the result is rounded to two decimal places.

4. Click OK.

To set the prices of multiple items at once

To set the prices of multiple items using Excel

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

For example if you want to increase the Selling Price by 10% then the way 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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