Item/Service Price

Module Guide: Item/Service Price (Item Price Management)

Module Location

Inventory > Item/Service > Item/Service Price

Module Objective

The Item/Service Price module functions as a control center for managing and updating the selling prices of all items. This module provides an efficient way to make price changes in bulk on a single screen, and also provides an audit log to track all price change history.

1. Main View (Price List)

The main page of this module is an interactive list that displays all items along with their cost price and selling price.

View and Key Feature Explanation

• View: This page displays a list of all items with columns such as Item/Service Code, Item/Service Name, COGM (Cost of Goods Manufactured), and Price (Selling Price).

• Key Feature: The Price column contains an input box, allowing you to change the selling price of each item directly on this page.

2. Steps to Update Item Prices

1. Find the Item: Use the filters at the top to search for the specific item whose price will be changed, or scroll directly through the list.

2. Change the Price: Type the new selling price directly into the box in the Price column for each relevant item.

3. Save Changes: After you have finished changing all the necessary prices, click the [Save] button in the bottom-left corner. The new price will become active immediately and will be used for all subsequent sales transactions.

3. Price Change Log (Log Update Price)

Every price change you save will be automatically recorded in a history log for audit purposes.

This log displays:

• Which item's price was changed.

• The new price that was set.

• Who changed it (Changed By).

• When the change was made (Last Change).

Tips & Important Notes

• This is a very powerful tool. Ensure you have sufficient authorization before changing prices, as it will have a direct impact on all new sales transactions.

• Use the COGM column as a reference when determining a new selling price to ensure a healthy profit margin.

• This is a crucial module for the Sales, Marketing, and Product Management teams.