This article outlines how to update the price associated with a product within Phorest.
Changing the Sale Price
The sale price is how much you sell the product for.
Go to Manager > Inventory/Stock > Search for and select a product to edit it.
On the Details tab, update the Sale price > Click the Save changes button.
Updating the Cost Price
The Cost Price is how much it costs to buy the product from your supplier. You would typically enter this amount as a net price (before tax), as most suppliers tend to add tax prices to an order on their side.
You can update a product's cost price directly from the initial Stock/Inventory screen. Remember to click Save. The amount in the Cost column corresponds to the Unit cost price.
Editing Prices From the Main Inventory Screen
You can quickly update your retail and cost prices directly from the inventory screen by clicking on the price.
When you've made your changes, click Save to save them.If the cost price field is grayed out and cannot be edited, it is because your business has multiple locations where the product is currently active or has been used in the past. In this situation, to edit the cost price from the main inventory list screen, navigate to Manager > Chain Library > Product Library.
Unable to Edit Cost Price
If the cost price field is grayed out and cannot be edited, it means that your business has multiple locations where the product is currently active or has been used in the past. To edit the cost price from the main inventory list screen, navigate to Manager > Chain Library > Product Library.
Multiple Locations in Phorest?
If you manage multiple locations in Phorest, locations that sell the same product can have the same default price or their own individual prices.
When editing a product, you will see a message at the top of the screen indicating that the product is managed in the chain library.
To change the default price, click Go to chain library and edit it there.
To set different prices at different locations, click the Branches tab, change the price, and click Save Changes.
You cannot have different cost prices across multiple locations. You can only have one cost price.
Have a Large List to Update?
While updating a handful of products can be easy, we understand that updating a large list of products can be time-consuming. If you have received an updated list of products from your supplier and want us to update your Phorest database, email the list to stock@phorest.com, and our team will take care of the rest.
Before sending the list, please double-check it to confirm that the information is correct. Please let us know in your email if there are any specific requirements. Depending on the size of the update required, updates can take 2-5 business days.