How do I Change Prices in Platinum?
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Revision as of 11:49, 24 December 2010 by Nigel Smith (talk | contribs)
Contents
Summary
This article explains how to change retail prices on Stock Control items from inside Platinum, and is written on the assumption that the price stored in Platinum is exclusive of V.A.T.
More Information
Individual Items
To change retail prices on a few items, use "Add or Edit Stock Items" to do this.
Go to "Stock Control" -> "Add or Edit Stock Items".
- Search for the item that you want to change.
- Click [Edit].
- Move to "Retail price :" and type the new price. If your prices are exclusive of V.A.T., type the nett price that you want to charge. You can type the price inclusive of V.A.T. and then press <F2> to deduct the V.A.T.
Ranges of Items
To change a large number of items, use "Price & Cost Changes" to do this.
 | It is sensible to save your old prices into a separate price code. This will allow you to put the prices back if there are any problems. |
Go to "Stock Control" -> "Maintenance Options" -> "Price & Cost Changes" -> "Sales/Cost Price Changes".
To save your existing prices
- At "Price Code to Alter :", type "OLD". If you see "Price Range not found", press <Shift-F10> to create the code. Type a description of 'Old Prices'.
- Press <F2>, and "Based on Price Code :" will appear.
- Press <F5>. The message 'The range amounts are not set. Do you want to continue?' will pop up. Answer 'Yes', and the system will copy all your existing retail prices to a price code called "OLD".
Increasing your prices
- Once this is complete, blank out the price code 'OLD' in "Price Code to Alter :".
- At "Increase/Decrease :", type the percentage increase or decrease that you want, or move across to "Amount :" and enter the amount by which you want to increase or decrease the prices.
- If you want to maintain your selling price to your customer despite a drop in V.A.T. for example, then you will need to work out what the increase should be. If, say, the V.A.T. rate has been changed from 17.5% to 15%, then you will need to increase your prices by 2.17% NETT to come back to the same retail price. You can achieve the same thing by increasing the prices by 17.5% and then reducing them by 13.05%.
- Move down and set the ranges that you want - you can change prices for an individual stock group; a range of stock codes; with a word or words in the description; items from a particular supplier; between two prices.
- If you are doing your complete stock file, leave the ranges blank and press <F5>. The prices will be changed.
- If you are doing part of the stock file and you want to check the prices before they are set, press <Shift-F5> to view the prices, and you can adjust them as you see fit.
 | This works superbly if everything that you sell is subject to V.A.T. If not everything is subject to V.A.T., then the items that do not need to be increased will have to be re-priced - for example, helmets, manuals and children's clothing. |
- Consider what you are doing here very carefully before you do it. The changes that you make are implemented immediately.
Decreasing your prices
- Once this is complete, blank out the price code 'OLD' in "Price Code to Alter :".
- At "Increase/Decrease :", type the percentage increase or decrease that you want, or move across to "Amount :" and enter the amount by which you want to increase or decrease the prices.
- If you want to maintain your selling price to your customer despite an increase in V.A.T. for example, then you will need to work out what the increase should be. If, say, the V.A.T. rate has been changed from 17.5% to 20.00%, then you will need to decrease your prices by -2.08% NETT to come back to the same retail price.
| This will changes prices to within one or two pence of the original price |
- Move down and set the ranges that you want - you can change prices for an individual stock group; a range of stock codes; with a word or words in the description; items from a particular supplier; between two prices.
- If you are doing your complete stock file, leave the ranges blank and press <F5>. The prices will be changed.
- If you are doing part of the stock file and you want to check the prices before they are set, press <Shift-F5> to view the prices, and you can adjust them as you see fit.
| This works superbly if everything that you sell is subject to V.A.T. If not everything is subject to V.A.T., then the items that do not need to be increased will have to be re-priced - for example, helmets, manuals and children's clothing. |
- Consider what you are doing here very carefully before you do it. The changes that you make are implemented immediately.
See also
- How do I Credit Items Sold at a Previous VAT Rate?
- How do I edit VAT Rates?
- How do I Create or Change Labour Rates?
