Selling at the right price is vital to the health of your business! So you want to control your product prices and set them in line with your desired level of profit?
With the "Automatic sales price calculation" app, determine the price of your items in relation to a margin percentage.
Indicate the desired margin % and the application automatically calculates your public price.
After installing the app, you'll be able to add :
- A sales margin field: to determine your desired margin %.
- Automatic sales price calculation
This app automatically calculates the selling price of all your items according to the margin percentage indicated on the product sheet.
1. Margin entry
After installing the app, you must indicate in each product file :
- Expected margin percentage: enter the desired margin % in the new field: "sales margin".
- Price definition option: either manual "by product", or automatic with "Sales price calculated with margin".
When the "Sales price calculated with margin" option is selected :
- The manual price entry field is no longer available.
- The sales price is automatically calculated when you click on the "Save" button in the product file.
2. Automatic sales price calculation
The app uses the cost price to calculate the selling price and apply the margin.
If you haven't entered a cost price in the product file, the application won't be able to calculate a sales price.
Selling price = [cost + (cost x margin)].
