Cost -> Price using markup % or £
When creating an invoice (just an example) it would be great to fill in cost to us, then just type in a percentage (including or excluding VAT as an option) for the price to be filled in.
I'd also love at the bottom of the invoice creation how much % and £ I am set to make on an order. That way I can double check I am pricing/costing correctly. And also know how much to spend at the pub later.. :)
We released a Price Markup update that you can read more about here:
Ryan (CTO, Pinellas Computers) commented
@RS: This appears to be a duplicate of a similar idea. Please redirect votes here: http://feedback.repairshopr.com/forums/165658-general/suggestions/5531550-automatically-calculate-markup
CCW Technology commented
This is under review for almost a year. Any updates?
I am just finding my way around Repairshopr. You can't please all of the people all of the time but Repairshopr comes pretty close - absolutely brilliant! But is there a way to base inventory prices upon the value without VAT? I'm no accountant but subtracting VAT to get back to the starting price feels wrong. It is certainly unconventional and surely a recipe for complication further down the line? What happens when we buy from countries with different VAT rate? And what do we do when our VAT rate changes? I leave all this to our accountants but really need to find a workaround to allow ex-VAT inventory pricing.
I don't know if it is the same in USA so it might be helpful to also mention that here in the UK we seem to have a convention whereby businesses dealing with "trade" customers exclusively tend to discuss prices exclusive of VAT whereas "retail" businesses direct to public must now quote prices inclusive of VAT. As a VAT registered business we always quote/consider/evaluate any costings ex-VAT.
Yes I agree, our accounts package which we continue to use deals with VAT excluding VAT it is added on and not deducted from the priced listings as in repairshopr.
I cannot find a setting which allows for pricing to be entered ex vat the system simply assumes vat is to be deducted from the product price.
It is also worth note, Woocommerce allows both Inc Vat and Ex Vat our is set to Ex vat pricing, Vat is then added.
I suspect when I use the Woocomerce add on the prices we have set in our store will be imported and Vat deducted, If I have missed the setting I hold my hands up but the addition of this and the above would be appreciated.