How Margin works in Stock app?

Price Adjustment


You may set up a margin % for each product in Stock app and use it to control the selling price based on the cost from Purchase Orders. Whenever you enter received PO or mark "on order" PO as received, Stock will calculate the price of the products in PO from the unit cost:

price = unit_cost x 100 / (100 - margin)

*The price will be rounded to nearest .99 or .49. 


and automatically update the price in Clover Inventory app or email you a alert message for price change.

Track Cost


For VARIABLE priced products, you can use margin to track its cost. The cost will be calculated as below:

cost = price * (100 - margin) / 100

Setup


In order to set up the margin % value for all products, please click "Purchase Orders" tab and use "Download Stock Level & Margin" button to download the stock level & margin CSV file:



enter margin % value for each product, then upload the CSV file using "Upload Stock Level & Margin".



You can also view and edit the margin % value in Product Details page, use the little pencil icon to edit price margin:



If you don't want Stock app to update the price in Clover Inventory app, you can choose "Don't update price" in settings page as below. The Default setting is "Update Price".


If you don't want to round the price amount, you can choose "Don't round price" in the settings page as below. The default setting is "Round Price".


If you want to use Profit Margin for Kits, you can choose "Apply margin" in the setting page as below. The default setting is "Don't apply margin".



If you use Ping Me If app, you can set up "Price Update" alert email as the screen shot below. If the setting is "Don't update price" , you will receive "change price reminder" email, otherwise you will receive a price changed confirmation email.



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