In inFlow, you can set your product’s markup for all of your pricing schemes, and depending on the costing method selected, you can edit the cost, too.

Web

Entering product costs

Costs in inFlow reflect what you’ve paid for a product (including shipping fees and any other tariffs, etc). 

These will be updated based on your purchase orders and used to calculate profit.

To enter the cost of your item

1. Open a product.
2. In the Pricing & Cost section, select the Cost field.
3. Click Save.

If the cost field is greyed out (you can’t edit the cost), then you’re likely using a costing method that doesn’t allow for manual adjustments. You can see more about changing your costs here. 

To enter your product costs in bulk, use a product details import. Click here for steps!

Entering product prices and markup

By default, the Pricing and cost display the sales prices for your pricing schemes. The markup and sales prices affect each other automatically. You can edit the markup to be based on the following:

• Fixed price: Choose this option if you want the markup to be locked in and have the price change relative to the cost.
• Fixed margin: Choose this option if you want the price of your product to have a locked profit margin that will make the price of your product fluctuate along with your product costs.

To set product markups, toggle on Advanced. 

Fixed price markup

When Advanced is toggled on, all pricing schemes default to the fixed price markup option (the dollar sign symbol is selected.) With this markup option, you enter the price instead of inFlow, which calculates it based on your cost.

Enter the prices in the Sales price fields, and the markup percentage will be calculated based on the cost.

With the fixed price markup, your price remains unchanged regardless of cost fluctuations. The markup percentage will fluctuate as your cost changes, but the price will remain the same unless you manually update it. You can see more about doing pricing adjustments in bulk here.

Fixed margin markup

If you prefer not to use the fixed price method, you can also opt to set your markup based on a set margin (percentage) that adjusts with your costs.

This is especially useful for non-profit organizations if you always need to set the markup to 0, for example, and even though your costs may change, your price will remain the same as the cost due to the fixed markup.

1. To set fixed markup, toggle on Advanced.
2. Click on the percent icon and type in the margin on which the cost should be calculated.

Windows

Entering product costs

Costs in inFlow reflect what you’ve paid for an item (including shipping fees and any other tariffs etc). These will be updated based on your purchase orders and used to calculate profit.

To enter the cost of your item

1. Click into the Cost field in the Cost and Price section of your product record (or Pricing & Cost if you are using Web).
2. Enter the cost.
3. Click Save in the top toolbar.

If the cost field is greyed out (doesn’t allow you to enter any cost), then you may be using a costing method that doesn’t allow for manual adjustments. You can see more about changing your costs here.

To enter your product details in bulk, use a Product Details import. Click here for steps!

Entering product prices and markup

The markup and sales prices affect each other automatically. You can enter your price in the first box, and the markup will be recalculated based on the cost. Similarly, if you know the markup of your products, you can enter it into the markup box, and your sales price will be calculated based on the cost.

Fixed Price

You’ll notice that after entering the cost and price, markup will automatically be calculated like so:

With fixed price, your price remains unchanged regardless of cost fluctuations. The markup percentage will fluctuate as your cost changes, but the price will remain the same unless you manually update it.

You can see more about doing pricing adjustments in bulk here.

NOTE: To adjust the markup on Web, you need to toggle the Advanced option first.

Fixed Markup

If you’d rather not use the fixed price method, you can also choose to lock down your markup so that as your costs go up and down, your prices will follow suit! This is especially useful for non-profit organizations if you always need to set the markup to 0, for example, and even though your costs may change, your price will remain the same as the cost due to the fixed markup.

To set fixed markup, click on either the Markup percentage or the triangle between price and markup.

Choose Switch to Fixed markup if you want the markup to be locked in and have the price change relative to the cost.

For example, if the markup is fixed at 50%, then while the cost is $4, the price will be $6.

If the cost fluctuates to $4.25, then the price would get adjusted accordingly to $6.38.