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HangedUpOnMe's avatar
HangedUpOnMe
Experienced Cover User
3 years ago
Solved

Current Price

Hi

This might seem like a strange question but,,,

In INVENTORY - SET ITEM PRICES, there is a column labelled "CURRENT PRICE"

 

What is it exactly??

 

(Funny how when i google or look up MYOB help files and search 'current price' i get everything BUT an explanation of what current price is)

  • Steven_M's avatar
    Steven_M
    3 years ago

    Hi HangedUpOnMe 

     

    As mentioned, the Calculated Price is the Base Selling Price of the item. By default, when creating an item this would be $0.00 and the user could override that to be the price that they wanted to sell the item at.

     

    If you are wondering what the Base Selling Price should be for an item, we would not be able to advise on that as it's a strategic business decision as to what you sell your goods at.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    3 years ago

    Hi HangedUpOnMe 

     

    The Current Price listed in the Set Item Prices would be the current selling price of the item. This can be found in the item's record by selecting the Selling Details>>Base Selling Price.


    In terms of the Set Items Price window directly, that field is would be what the item's Base Selling Price would be after select Ok. So, if changes are made to that price in this window this would also be reflected in the Item's record in that Base Selling Price.

    • HangedUpOnMe's avatar
      HangedUpOnMe
      Experienced Cover User
      3 years ago

      Hi

      Thank you for the reply,

      But how is the current price calculated by default?

      • Steven_M's avatar
        Steven_M
        Former Staff
        3 years ago

        Hi HangedUpOnMe 

         

        As mentioned, the Calculated Price is the Base Selling Price of the item. By default, when creating an item this would be $0.00 and the user could override that to be the price that they wanted to sell the item at.

         

        If you are wondering what the Base Selling Price should be for an item, we would not be able to advise on that as it's a strategic business decision as to what you sell your goods at.