Setting up pricing tiers and pricing your recipe
This article helps you set up your price lists and set what you charge for each recipe.
Before you start
Have at least one recipe with ingredients, so it has a cost.
Steps
- Open Settings, Pricing & Orders, Pricing tiers. A pricing tier is a price list, for example Retail, Wholesale and Catering. You can rename, add or remove them.
- Each tier has a simple formula that suggests a minimum price: a multiple of cost (for example 3 times cost), cost plus a fixed amount, or a percentage above or below another tier. It's a floor to stop you underpricing by accident, not the price you have to charge.
Open Recipes, Pricing to see every recipe on every tier in one table. Click a price to change it. Tick rows and use "Accept suggested minimum" to set several at once.
The Pricing screen with Cost, Suggested min., Actual price and Margin columns - You can also set prices on a single recipe in the Recipe book, on its "Cost & price" tab.
What to expect
When ingredient costs change, the suggested minimum moves but your actual price stays put until you change it. If your price drops below the suggestion, a warning icon appears and Reports flags it.
Common issues
- Margin looks lower than expected: margin is the share of the selling price that's profit, which is a different number from the "times cost" multiplier.