Purpose: The Item Price Change feature in TruePOS allows businesses to modify the prices of their products with ease and precision. This feature ensures seamless price updates across all relevant points of sale, helping businesses stay competitive and maintain accurate pricing for their inventory.

Key Benefits:

1. Efficiency: Quick and automated updates of item prices.

2. Flexibility: Supports individual or bulk price changes.

3. Accuracy: Ensures consistency across all sales channels.

4. Audit Trail: Maintains a history of price changes for accountability.
   

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• Seasonal discounts and promotional pricing.

• Updating prices due to changes in supplier costs.

• Temporary markdowns for clearance sales.

Detailed Step-by-Step Guide:

1. Accessing the Item Price Change Module  

1. Log in to your TruePOS account.

2. Navigate to Master > Item > Item Price Change from the main menu.

2. Viewing the Item List  

1. Once in the Item Price Change screen, you will see a list of items with their current prices (Cost Price, Selling Price, MRP, Landing cost etc.).

2. Identify the item you wish to update.

3. Editing Item Prices  

1. Locate the item in the list and click the Edit button beside it.

2. A detailed price editing screen will appear, allowing updates to the following fields:

• Cost Price (CP): Update the base cost of the item.

• Selling Price (SP): Adjust the selling price offered to customers.

• Maximum Retail Price (MRP): Modify the maximum retail price displayed on the product.

Note:

• You cannot modify the Landing Cost from this screen.

• Ensure that:

• Cost Price (CP) is not higher than Selling Price (SP).

• Landing Cost is less than the Selling Price (SP).

• We can update the pricing details for multiple locations in the same screen.

4. Updating Prices  

1. After making the necessary changes, click the Update button to save the new prices.

2. The updated prices will be applied immediately within the system.

Verifying Updated Prices

1. Create a Purchase Entry  

1. Navigate to Transactions > Purchase Entry from the main menu.

2. Select the supplier and add the updated item to the purchase entry.

3. Verify the updated Cost Price (CP), Selling Price (SP), and MRP.

Pricing Guidelines to Remember:

• Cost Price (CP) should always be less than or equal to the Selling Price (SP).

• Landing Cost must be less than the Selling Price (SP) to avoid errors during transactions.

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Q1: Can I change the landing cost in the Item Price Change screen?

• No, landing cost adjustments must be made in the respective purchase transactions.

Q2: What happens if CP exceeds SP?

• The system will display an error, and you must adjust the prices to meet the pricing guidelines before updating.

Q3: How do I verify price changes across multiple outlets?

• Use the Data Sync option under Settings to ensure updated prices are reflected across all locations.