How does a standard gross margin work?
Products by default can have a Standard Gross Margin that would apply to all the products in that product line. To set a Standard Gross Margin, follow these steps:
- Go to Setup > Setup Product Line
- Select an existing Product Line (or create a new product line)
- Enter a Standard Gross Margin % into the field
- Click Save
- Upon Save, a pop up asking, Would you like to apply the new standard gross margin percent to all existing products and update their prices? with two options:
- YES - Update all existing prices.
- NO - Do not change existing product prices
Gross Margin % cannot exceed 99.99%, values entered higher than 99.99% will be defaulted to 99.99%.
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