This topic will cover setting up, adding, editing, deleting, and making a price level inactive. Total Office Manager will try and help you decide which price level pricing is best for you.
Price Levels are methods to markup items. Markup is defined as the percentage or amount added to your direct cost to arrive at a retail selling price.
This Total Office Manager feature makes it easy for you to use the best price level or profit method for your company. Total Office Manager has provided several ways that will make it easy for you to arrive where you need to be in your profitably for your company. Select the best markup method for your company to establish a selling price.
For an explanation of each markup method, please click here.
Please note that Total Office Manager also allows you to create Parts Multiplier Tables.
From the main menu, click Company | Price Level List
|Price Level Name –
Give your markup method a name that will be distinctively notable. You will use this when billing your customers.
|Price Method –
Select from the drop down menu a Price Method.
Note: If the method you want to use is not in the list, you can create a New Price Level.
Open the form and sort or filter the list if desired.
To enter a new price level, click the Price Level List | New Price Level.
To edit a price level, right-click on it and select Edit Price Level from the pop-up menu.
To delete price level, right-click on it and select Delete Price Level from the pop-up menu.
To inactivate a price level, right-click on it and select Make Price Level Inactive from the pop-up menu.
You can delete or inactivate multiple price levels. To highlight multiple price levels, pressing and holding your Ctrl key and clicking each Price Level. You may also select a range of price levels by highlighting the first price level in that range, pressing and holding your left Shift Key, and clicking the last price level in that range.
You can select a price level and right click for common tasks.
Effects of Cost of Goods on Price
By lowering cost of goods (better supplier, lower labor costs) you can:
Lower your price to increase sales
Maintain price and improve your gross profit and profit margin
Reducing Cost of Goods has a direct effect on your BOTH Total Office Manager LINE!