Setting Sales & Purchase Prices

Setting Sales & Purchase Prices

Every product has two key prices: what you charge customers and what you pay your distributor. Setting these correctly ensures your sales orders and purchase orders use the right amounts.

Sales Price

The Sales Price field on the product form is the default price that auto-fills when you add this product to a sales order or quotation.

1. Open the product record.
2. Find the Sales Price field.
3. Enter the retail price (e.g., $549.00 for a Glock 19).

Cost (Purchase Price)

The Cost field is what you pay the distributor. This auto-fills when you add the product to a purchase order.

1. On the same product form, find the Cost field.
2. Enter your wholesale price (e.g., $425.00).

Understanding Your Margin

The difference between your sales price and cost is your margin — your profit per unit. CloudFFL can show you margins on sales reports so you know which products are most profitable.

Changing Prices

You can update the sales price or cost at any time by editing the product record. Changes apply to new orders only — existing orders keep the price that was set when they were created.