Setting price with purchase currency for a new product.
When creating a product, on the “Pricing” page,
- Select the “Use Product Pricing Settings (with Purchase Currency)” option.
- Select Group Name. (This is a name or title representing the store, country, or exchange rate that is similar to all products within the group)
- Set the exchange rate between the purchase currency and the store currency. (This field gets populated depending on the selected “Group Name”. (E.g. China goods --------- ¥1 to ₦200)
- Set the “Landing Cost” and the “Cost Price” field will be automatically populated. (If this field's value differs, one can edit the “Cost Price” to the appropriate value)
- Enter the "Margin” value.
- Other fields get filled automatically. (Profit, selling price in the purchase currency, and selling price in the store currency).Note that these values are calculated with the “Cost Price” value.
- Select "Next".