Inventory > Entering Inventory Prices

RetailEdge has the ability to track 5 different price levels for each item. This can be useful for customer discounting if your inventory items have significantly different margins. So you can give a customer a price level 2 discount, that might represent a 5% discount on items that have a smaller margin, but a 20% discount on items with higher margins. To enter inventory prices:

Quickly for the First Time

1.Add the inventory item as you normally would.

2.On the Price tab, enter the Last Cost and Suggested Retail or Price 1 price for one location and press the Enter key or click on another price field.

RetailEdge will then automatically fill in all price levels for all locations. If you want to adjust the price levels you can use the Price Calculator.

Using the Price Calculator

To calculate prices based on a specific margin or discount percent:

1.	Press the Price Calc. button. The price calculator will display the cost, all price levels and the discount and margin for each price level.

2.	If you want to have all pricing the same, fill in the cost, suggested retail. Adjust the margin if you need to and press the Copy Retail button.

3.	If you want to further adjust pricing, changing the cost or price will automatically change the margin. Changing the Margin will automatically calculate the price and discount percent. Changing the discount will automatically calculate a new price and margin.

4.	When you are done, press the Ok button.

5.	Continue to do this for all locations or if you want all locations to have the same pricing structure, highlight the one of the prices for the location you want to copy and press the Copy Prices button.

VAT Mode Settings

If you are running in VAT Mode then you will also be able to see VAT Inclusive Price for each price level on the bottom of the form. In addition a checkbox will be displayed that will allow you to set VAT Mode: Convert VAT Included Price to Unit Price. Some businesses calculate their inventory prices by the margin they make on the item and then round their prices to have a VAT included price. If you check the VAT Mode: Convert VAT Included Price to Unit Price, when you enter a price in Unit Price row and then leave the price field by pressing Enter or clicking into another box, RetailEdge will determine the price of the item without VAT based on the tax rate applied to the location.

Using the Copy Prices button

If you are working in a multiple location business and you want to change the pricing for other locations use the Copy Prices button.

1.	Add the inventory item as you normally would.

2.	On the Price tab, enter the Suggested Retail price for the item.

3.	Press the Enter key to post the price(s).

4.	Optionally use the arrow keys to move to other price fields and fill in any other price levels you want.

5.	Press the Copy Prices button. RetailEdge will copy the location prices to all other locations.

If you are working in a single location business pressing the Copy Prices button will copy the highlighted price level to all other price levels.

Once the pricing is filled in RetailEdge will display the margin and discount percent for the particular price if it is highlighted.