GEM-CAR FAQ

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Modify the Margin Metric for Your Parts

To modify your margin metric.

Click on Inventory > Price lists > +New.

This window will show up. If you have a preexisting list, simply click on it.

If you don't create one by clicking on the +New box. 

In the window, enter the name of the list, and whether it is a default list for customers.

If so, check the “Use by default if no group assigned to client” box.

Click on Save.

You can click on the +New icon under the name field, next to Products or Services associated with this price list.

In this case, we want to increase margins for parts:

  • type: Categories
  • category: 200-PARTS (our code for parts is 200 in this case)
  • Price type: Price is a profit margin over the cost. 
  • Percentage: 70% (profit margin)
  • No expiration date.
  • min cost: 0.00$
  • max cost: 1.00$

Click on Save and close.

You can now add as many margins to your price. 

Note: don't forget your decimal points.

 

Other articles on the subject: 

What Profit Margin Should I Expect on Parts Sales 

How do You Calculate a Profit Margin 

How Can I Create a Warranty Invoice without Affecting Sales Margin Reports 

 

Posted  6 months  ago by  Olivier Brunel
#531 102 views Edited  4 months  ago

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