Knowledge

Go to Settings menu under Inventory module from the left sidebar -> select the General menu ->select the Items tab

The data set in the Items tab will be used for Add Item form.

• Profit Rate (%): this value is automatically populated in the Profit Rate  field.
• Sale price: In Add Items page, the selling price is automatically calculated based on the formula of the selected option. There are 2 options: 
  • Calculate the selling price using the cost and profit rate: 
    • Selling price = Purchase price * ( 1 + profit radio) 
      Ex: Default Profit Rate (%) = 13, Purrchase price = $100 
      ==> Selling price = 100 * ( 1 + 0.13) = $113 
  • Calculate the selling price using the sellings and profit rate:
    • Selling price  = Purchase price / ( 1 - profit radio) 
      Ex: Default Profit Rate (%) = 13, Purrchase price = $100 
      ==> Selling price = 100 / ( 1 - 0.13) = $114.94
  • Fractional portion ( Number of digits rounded): used to round the item's selling price 
    Ex: Fractional portion ( Number of digits rounded) = 2
    Selling price = $155,747 ≈ $155.75
  • Integer portion ( Number of digits rounded): used to round the item's selling price
    Ex: Integer portion ( Number of digits rounded) = 1
    Selling price = $154,59 ≈ $160
    
• Barcode: there are 2 options: 
  •  Display a short description below the printed barcode: if you check this option, when print the barcode, short description will show and display only the first 30 characters of the brief description.
• Update the "Do not update inventory numbers" attribute in the product to "Uncheck.": Click update to uncheck "Do not update inventory numbers" attribute for all items.