This Help Article covers:

⚠️ NOTE: To Change Customer Pricing Rule Defaults, see the Help Article: "Pricing Rules (Set Default - Edit)"

Pricing Rules are used to calculate the Sell Price when creating a Sales Invoice or creating a Quote/Estimate/Variation.

Labour and Materials (Products) are grouped by Product Categories and the Labour and Materials follow the selected Product Category "Rule" and "Value" of the selected Pricing Rule when calculating their Sell Price in a Sales Invoice or Quote/Variation.

💡 TIP: To identify what Product Category Labour or Material is grouped in, Search the Product from the Products Side Menu List View, then open it to view the Product Category.

To Add a Price Rule Book

Quick Flow:

Company Settings Side Menu
More/Pricing Rules Top Tab
[+ADD]
Pricing Rule Name*
Description
Default Margin
[SAVE]
Edit as required
[SAVE]

1. From the Side Menu, Press Company Settings

2. From the Company Settings page, Press the More Top Tab to display the Pricing Rules option, then Press the Pricing Rules option to display the Pricing Rules Top Tab

3. From the Pricing Rules Top Tab Page, Press the [+ADD] button, then;

Enter a "Rule Book Name"
Enter a "Description"
Select a "Default Margin"

⚠️ NOTE: When giving the Price Rule Book a "Name", give it a name that will make sense to other Users, I.E. "Labour $85/H - Materials 40% Margin"

4. When finished [SAVE] to return to your new Price Rule Book where you can edit the individual Product Category lines if needed.

To Edit a Price Rule Book

1. From the Pricing Rules Top Tab page, either: Select a Pricing Rule Book OR from your new Pricing Rule Book, on a Product Category line;

2. Select a "Rule" from the Rule Dropdown options (Fixed, Margin or Trade)

Fixed – Uses the entered $ Value as a Sell Price (option Labour Product Categories only).

Margin – Uses the entered % Value to calculate a Sell Price with a “Margin” of the entered % Value.

Trade – Uses the entered % Value of the Trade Price as a “Mark Up” to calculate a Sell Price

3. Enter a "Value" to use (NOTE: Rule "Fixed" will display as a $ Value entry)

4. When finished [SAVE]

💡 TIP: Press on the "Pencil" icon of the selected Price Rule Book to edit the "Rule Book Name" and/or "Description"

💡 TIP: Rule "Trade" uses "Mark Up" and Rule "Margin" uses "Margin".

"Mark Up" the Profit as a % of the Cost price (added to get your Sell Price)
"Margin" the Profit as a % of the Sell Price

See the below table as a quick guide to the "Margin" to use to achieve the "Mark Up" you want.