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1. Where Pricing Is Managed

Product pricing is managed via the Price List module. Each price list contains one or more price entries that map an item to a specific rate, unit of measure (UOM), and currency.

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2. Steps to Manage and Update Product Pricing

  1. Access the Price List
  • Navigate to: Home > Stock > Item Pricing > Price List
  • You can create a new price list (e.g., “Retail”, “Wholesale”, “USD Prices”) or use an existing one.
  1. Add or Update a Product Price
  • Go to: Home > Stock > Item Pricing > Item Price
  • Click on New to add a new price or search and click an existing one to update.
  1. Fields to Fill
  • Item Code: Select the product to assign the price.
  • Price List: Choose which price list this price belongs to.
  • Rate: Enter the price (e.g., 2,500.00).
  • Currency: Select the applicable currency (e.g., NGN, USD).
  • UOM: Select the unit of measure this price applies to (e.g., Each, Carton).
  • Valid From / Valid To: (Optional) Set validity dates if the price is time-bound.
To update existing prices, you can search for the item and edit the rate field directly.
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  • Use separate price lists for different customer groups (e.g., Retail vs Wholesale).
  • Use “Valid From” and “Valid To” to automate price changes based on dates.
  • Audit prices periodically using the Item Price List Report for inconsistencies.
  • Avoid duplicate prices for the same item, price list, and UOM — this can cause confusion during sales.