How to update Cost/ Selling Price for the Item

How to update Cost/ Selling Price for the Item

Intro on Cost/Selling Price update
The Cost/Selling Price Update feature in TruePOS allows you to set future prices for your items without changing the current ones.

For example : 

* In the Supermarket, if you plan to increase the price of an item every month, you can schedule the new price in advance by setting a date range. This ensures the current price remains active until the new price automatically takes effect on the specified date.
* While using this Cost/Selling it will ask for the date range, if you select the date range for the particular date range only the updated price will work. Then either it will revert back to old price or if any new price updated then it will work based on the new price.

Features :

* To maintain the date wise, pricing for your items.
* To set future cost and selling price of items (Single and in bulk)


Note : 

* It is an add on Feature, Please contact retaileasycloud-support@gofrugal.com in order to enable the menu for your domain.
* Also, the main purpose used for the DMS domains.

* If need to work in normal retail domain you have to set the 'SAP based Rate' configuration as 'Optional'. Then if you change cost it will affect in future purchase, for selling it will affect in current batches.

Steps to Updating pricing for Single item. :

1. Go To Inventory → Price Fixing → Cost/ Selling price update















2. Select the below settings :
* Type - Selling/ Cost which need to be updated
* Update Type - Single
* Location - Select the branch location for which you wish to update


3. Select the item name and load the UOM mapped for the item. Specify the selling/ cost price which needs to be updated. Select the Effective From date and Effective To date between which you need the price to be applied for the item. After providing all the details for the item, click on Update button to save the changes.














Steps to Updating Pricing for Bulk Item :

1. Go To Inventory → Price Fixing → Cost/ Selling price update
2. The update Type should be mapped as Bulk
3. You can fill in the data either manually, or you can copy the data from excel sheet and paste the data in the screen.


Note : See to it that the Effective from and Effective To date is in correct format (DD/MM/YYYY) while pasting the date

4. After filling up the sheet, click on Update button to save the changes.


Verification of updated selling price on Sale bill   :

* Go to Sales → Sale bill and load the item(s).

Before updating the selling price,

price4

 

 

After updating the selling price,

price5

 

 

Verification of updated cost price on Purchase invoice   :

*  Go to Purchase → Purchase invoice and load the item(s).

Before updating the cost price,

price8

 

 

 

After updating the cost price,

price7

 

 

 


FAQ :

Q1. What is the step for Verification of updated Cost/ Selling Price Update?
Go to Sales → Sale bill and load the item(s).   in LOV you can see the before updated price. After loading the item updated price will display.
Q2. After updating the price, if its was not working means any configuration to be check?

Answer : Reach support team and check for the 'SAP based Rate' configuration should be 'Optional' for retail customers.

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