Cost Price Code

Cost Price Code

Cost Price Codes are designed to be used with sales of a generic item where the cost price can vary.
When such a generic item is sold, Retailer prompts for a Cost Price Code to be entered. Retailer then translates this Cost Price Code into a Cost Price, updates the Cost Price of the item and records this Cost Price against the item's sale. This allows for accurate GP reporting.

Setup Cost Price Codes

  1. From the Main Screen of Retailer, click Setup β†’ General β†’ Department Codes.
  2. The grid contains the letters that correspond to numbers for a Cost Price Code
  3. For Example, a Cost Price Code of SBDU corresponds to a cost price of 23.45
  4. Double click any row in the Value column to change the Cost Price Code letter.
  5. After making changes, remember to click Save. Click Close.

Cost Price Code Inc or Ex Tax

There is a setting to control if the Cost Price Code is entered including or excluding Tax.
  1. From the Main Screen of Retailer, click Setup β†’ System β†’ Other.
  2. Tick or Untick 'Cost Code excludes GST'.
  3. Click Save and then Close.

Enable Stock Items to prompt for Cost Price Code

  1. Open the Stock Screen.
  2. Click the Magnifying Glass πŸ”ŽοΈŽ button to open the Find Stock Screen to search for the desired product. Click Ok.
  3. In the Stock Screen, click the Other tab.
  4. Tick 'Prompt for cost price code on item sale?'
  5. Click Save.

Stop Cost Price Codes prompt

  1. Open the Stock Screen.
  2. Click the Magnifying Glass πŸ”ŽοΈŽ button to open the Find Stock Screen to search for the desired product. Click Ok.
  3. In the Stock Screen, click the Other tab.
  4. Untick 'Prompt for cost price code on item sale?'
  5. Click Save.
Idea
The 'Cost Price Code' option can be enabled or disabled in bulk using Stock Manager. See Making Bulk Changes Through Stock Manager

Entering a Cost Price Code:

  1. Scan an item into Point of Sale that requires a Cost Price Code when sold.
  2. Retailer will prompt to enter a Cost Code for this item.
  3. Type the Cost Price Code, ie FUN
  4. Click Ok
  5. The Cost Price of the item will be updated to $9.58
  6. End the Sale as normal
Warning
The Retailer setting "Cost code excludes GST" does not affect the Department or Category Markup % setting. 

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