Modify the Price Matrix for Parts

In this FAQ, we cover the following topics:

1. Create a Price List for the Pricing Matrix

2. Set the Default Unit of Measure

1. Create a Price List for the Pricing Matrix

To modify your price matrix. Click on Inventory > Price lists.

This window will show up. If you have a preexisting list, simply click on it. If you don't create one by clicking on the +Add box. 

In the window, enter the name of the list, and whether it is a default list for client. If so, check the “Use by default if no group assigned to client” box. Click on Save.

You can click on the +New icon under the name field, next to Products or Services associated with this price list.

In this case, we want to increase margins for parts:

• type: Categories
• category: 200-PARTS (our code for parts is 200 in this case)
• Price type: Price is a profit margin over the cost.
• Percentage: 70% (profit margin)
• No expiration date.
• min cost: 0.00$
• max cost: 1.00$

Click on Save and Close.

You can now add as many margins to your price. 

Note: don't forget your decimal points. 

2. Set the Default Unit of Measure

To configure your system's unit of measurement, click Configurations > Configurations.

Next, click the Global tab and click Default Unit of Measure. Choose from the following options: Metric or Imperial. Click Save.