2 min readFeb 24, 2022
QuickBooks POS: Using Margin and Markup to Set Prices
Today we will talk about margin and markup. This will help you make sure if you are making profit or not. Let’s begin:
- Go to “Department List”, then click “Add”.
- On your Add Department screen, fill in every Department information.
- On your Tax Code choose Non-taxable.
- Put the Margin percentage number for the item you want.
- After you put the margin percentage you will have an automatic number for your Markup percentage, but you can still edit it to the number you want for your markup.
- Select “Save”.
Let’s see now how your Margin and Markup works:
- Go to “Item List”, choose “Add”.
- Fill in every information about your new item.
- When you put the Average unit cost for your item it will automatically give you the markup number for your Regular price.
- You can also select “Pricing” if you want, to change your Regular price.
- Also, you can change Price levels and Price calculations here.
- Click “Save”.
Original Article: https://blackrockbusiness.com/quickbooks-pos-using-margin-and-markup-to-set-prices/?feed_id=3308&_unique_id=6217ade9b537d