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Managing Cost Prices is pivotal for any retailer.
Knowing the difference between cost and value can increase profitability: the cost of your product or service is the amount you spend to produce it. the price is your financial reward for providing the product or service. the value is what your customer believes the product or service is worth to them.
Manage Cost Prices
The easiest way to manage and update cost prices for your products is in the Product Management pages.
After entering the Cost Price, we automatically calculate the Stock Value for all Products and Categories.
If you’re selling including VAT, you can choose the margin including or excluding VAT: