This article provides an overview on how to make adjustments to the Default pricing rules we have set in your company's price book.
The default values represent industry averages and are our Best Practice recommendations. Of course, your region of the country may be higher or even lower than these averages. It's a starting point for you.
The defaults include:
- Tax - 6%
- Gross Margin - 45%
Commonly used Cost fields:
- Install Kits averages specific to equipment type.
- Labor averages specific to equipment type.
These values are easily adjusted.
In the Management Portal scroll to the pricing section, select the Manage Button.
To make changes to a pricing rule field:
- Select the field you would like to change, enter the new value.
- Save the change.
Use the Manage Margin feature to view the new calculated sale price.
Follow these steps to use the Manage Margin Feature:
Step 1: Click "Refresh Business Rules"
Step 2: Check the Show Individual Models and the Preview Calculations for all Models boxes.
Step 3: Select a piece of equipment.
Step 4: View the Pricing Walk graphic. Red represents Costs. Green represents the gross margin.
Step 5: Return to the Business Rules view if you need to make more adjustments and repeat steps 1 - 3.
Step 6: If the newly calculated price is "just right". Return to the Business Rules view and click the Preview Pricing button to Publish and Activate the changes in your Company price book.
Publish and Activate button saves the changes to the company price book.
The new price book will be sent to your tablet when the app refreshes. A refresh will occur the next time you log-in to the app or use the REFRESH function in the navigation menu.