# 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.