(1.) First, navigate to the Products module and click the “Add New Record” button near the top-left corner of the screen.
(2.) Next, use the “Category Name” dropdown to assign the product to a category, and then give the product a name in the “Item Title” text field.
(3.) Now on the “Pricing” tab, use the “Price Matrix Type” dropdown to select Simple Matrix.
(4.) Now you can nominate a “cost” value (as well as a markup and a “selling price” value) for your product.
Looking at the example below, we have set this up so that our first quantity has a Cost of $80 and a Selling Price of $140 – which is a markup of 75%.
Likewise, we created four other quantities that we can potentially pick from in an estimate, job, or invoice (i.e., 2, 3, 4, or 5). In this example, we entered a slightly lower markup for these higher quantities so as to give our potential customers a quantity discount if they purchase more at a time.
If you would like to see the process of using this product in an estimate, please see our guide Creating a Product Catalogue Estimate with the “Simple Matrix” Pricing Type.
