How do I create retail pricing rules?
Follow these steps
- Select Products > Pricing > Retail Prices.
- Select Actions > Add Rule.
- Enter a Name for the retail pricing rule. We recommend keeping names concise but descriptive.
- Decide whether to Set Price To either Desired Margin, Desired Markup, or Exact Price.
- Enter the Percentage margin or markup. Alternatively, you can choose to set an Exact Price.
- Choose the base cost for the calculation. Options are: Last Ordered Cost, Cost Average, AGLC Cost, or variations of the Highest of selected costs.
- Select the Cost Type used in the calculation. We recommend the base unit cost in most cases.
- Choose whether rounding should apply to the Base Price or the Final All in Price.
- Select the Rounding Type to be used.
- Enter the High Low Breaking Point - If breaking point is selected as the Rounding Type, GlobalTill will round up to the next dollar when the price is above this value, or the next $0.25 when below this value. (For example: If a breakpoint is $30 and the calculated retail price of an item is $25.39, GlobalTill will round that up to $25.75. If the calculated retail price of an item is $32.34, GlobalTill will round that up to $33 even.)
- For B.C. Liquor Industry Only - Choose whether to Match BC Liquor Stores. If a product with a matching SKU is located on bcliquorstores.com the price will be matched, regardless of the margin or markup rules set here.
- Click Submit.
- Once the retail pricing rule is created, it must be assigned to a product or a category of products.
- Once the rule is attached to a product or category of products, you must apply the rule for it to take effect.
For more information, see the article How to review retail price changes.