{fa-warning} Important information
- The price matrix only applies to the cost of new items (not in the inventory)
- To change a matrix of items and group of items already in your inventory, visit this
- The price matrix overrides the system's default margin setting
From the main menu go to "Inventory Management > Price Matrix":
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Go to the bottom section,
- (1) Click the {fa-plus} to add a condition and choose how to apply the price matrix - to an entire category or to specific line code.
- (2) In the left section, select an action to be done,
- (2) In the middle section, type in or pick the Category or Line code to consider,
- {fa-info-circle } You cannot select a category AND a line code.
- (2) In the right section, type in the price range of the cost in the "From" and "To" fields,
- (2) Type in the Value of the selling price in "%" or "$" depending on the action you've selected.
- Click the disk to save
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Gross Margin vs Mark up
You can see the formulas used to calculate the gross margin and the mark'up by simply leaving the mouse over the text for a moment.
Delete a condition
- Select the condition line,
- Click the {fa-minus} to remove the line,
- Click "Yes" to confirm and delete.
From the Point of Sale, open an estimate or a work order:
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- Enter a new product Code,
- Enter a Category,
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Enter a Cost and complete the line.
- If the category and the cost of the new item meets a condition in the matrix, the selling price will be generated by the matrix, otherwise, the default margin will be applied to the cost to build the selling price.
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- Go to the bottom-left section of the "Price matrix" window,
- Type in a date range in the "From" and "To" fields,
- Click the printer to display the report on the screen.