Pricing tab

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Pricing tab

- On the right-hand side of a stock card we have the Pricing tab.

- There is List Cost, which is the worst Buy Price for the product; Real Cost, which is what you last paid for the product; the Average Cost, which is the average of the last 10 times you have received the item via Orders; Retail, this is what the customer pays for the product; and Recommended Retail, what the manufacturer suggests to sell the item for – this may not have a value if the information has not been provided. The mark-up on List and Real Costs are a percentage value from the List or the Real Cost to the Retail Price. Then there is the Gross Profit (GP) and GST. There is also a Discount option, this can be either a percentage or a dollar discount. At the bottom we have the GST status. The Rate is whether you paid GST for the product, and the Type is if you are then passing this on to the customer. If the rate is set at zero, it doesn’t matter what the Type is because you won’t be passing this on. It is only when the rate is 10% that the Type matters. Free to End Consumer is No GST to the customer. Standard is when the customer has to pay the GST.