The goods pricing program
The goods pricing program is one of the UDN products and it carries out the process of pricing the products that are in your stores at prices compatible with the local market in which you sell your products.
And there are several methods that you must follow in order to pride your goods correctly and stay away from any mistakes, so you must follow the following methods:
Methods of pricing goods (stock evaluation):
And this method is based on the knowledge of the value of the product you own and the sold, and this method must be applied in companies that have a few products in their store and high price and have different goods such as car trade.
This method is based on the fact that the products that are sold must be sold from the stores in an equal way compared to the products that are bought from suppliers.
Thus, your products are priced based on the average purchase price of all products, and the price is removed after each process of purchasing new products.
Inventory cost = the total cost of purchases / units purchased
One of the advantages of this method is that it is the best way to reduce fluctuations that occur in the cost of products on the value of the stored materials, and thus will come out an appropriate price for the price spread in the local market.
One of its disadvantages is that you will perform the many calculations until they come out average cost at each purchase.
And this method is based on the pricing of the product that was sold at the average purchase price until you penetrate the quantity in the store, then priced the products that you will sell after that.
One of the advantages of this method is that the stored products that remain at the end of this period are priced on the basis of the latest costs, and this leads to clarifying the financial position of the company in a correct way, so the value of the stock will be equal to the value of sales.
One of the disadvantages of this method is that the products that you will sell are priced according to the old prices that you were selling, and thus this method will not be in line with the prices spread in the local market.
And this method is based on the basis of pricing the amount that you will sell on the basis of the latest cost for the quantities that you will buy, and this method costs the products only according to the last amount you have purchased, that is, the cost of the products is according to the latest cost of the purchased products, then you price the products On the basis of the previous quantities.
One of the advantages of this method is that the cost is calculated according to the cost scattered in the local market, and this leads to pricing in the correct way and on sound foundations.
One of the disadvantages of this method is that the stored products remaining in the store at the end of the period appear at a different cost from the prices in the local market, and this leads to showing the financial level in which the company is stationed correctly and properly.
These are all the ways that you must follow in order for you to properly price your goods and in a correct way, and the methods that you have explained to you will prevent you from making the mistake, it will keep you away from the mistakes completely, so follow these methods at the time and never hesitate.
You can get to know the prices now by
Or contact with a consultant to determine the appropriate system for your work on
Try the rest of the Full features of features from UDN now free ...
An accounting system that includes monitoring inventory, accounts and banks, and linking them online is accredited from the largest accounting offices globally has set the standards of ease and speed for the UDN electronic cloud, regardless of the volume of transactions
Weak number of months of your subscriptions for free ... for annual subscriptions.
