Price lists and currency

Price lists

One of the many cool things of EasyERP multichannel inventory management system is that it enables creating your own custom price lists. In this article you will find out why this is a great tool, and how can it be used.

The main purpose of price lists is the ability to assign and change the prices of your products/services for different sales channels. Using this instrument you can change the price of a single product or change the prices in bulk, for example when you decide to do a wholesale.

Another possible way to use price lists in EasyERP multichannel inventory management system is to assign different prices, depending on the origin source of the product, or on the distribution channel. For example, in line with your business model you have several different eCommerce stores, and you want different prices to be displayed at each of them, or the same prices but in different currencies. EasyERP allows you to assign this easy and without any time wasted. This way you can be ahead of your competitors, because you don’t have to change the prices one by one. You just assign a different price list and EasyERP will do the job for you.

One more example of price lists use in EasyERP multichannel system. Let’s assume you’ve already integrated your Etsy or any other shop, and to boost your sales you decide to offer discounts. Without EasyERP you would have to change the price of every product manually in your administrator panel. And risk forgetting real prices after discount period is over. Price lists can solve this problem for you. You will have to prepare a discount price list beforehand, and then just switch them in the channel settings menu. After the synchronization, automatic or manual it doesn’t matter, all the prices will be changed. Important detail: you can switch all the prices back just as easy.

There are more possible ways of using the price lists, you are only limited by your imagination. Before you start using price lists you have to create them. In order to achieve this you have to follow few next steps. Open the Settings/Product configurations menu in the EasyERP:

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As you may know from the previous articles, this menu allows you to customize a lot of details about your products, or product related instruments. To continue our process go to Price lists tab:

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In the menu, you will see a list of already created price lists, registered in EasyERP multichannel system. There are no pre-installed price lists, so when you set up your product configurations for the first time, there will be none displayed here. To create a new price list press the blue button at the top right corner of the screen. A price list creation menu will open:

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As you can see there aren’t many fields to fill, this makes the process quick and easy to understand. Price lists differ by name, code, currency, and operational purpose (is it used for company purchases or not). The workflow in regard to price lists will be fully seen when you create a product, or import products from some other shop, like Etsy. For further information, please, proceed with this link.

Multi currency

As you may already know Etsy platform enables multiple currency option for your store. You can select one from the following list of predefined currencies and all your prices on online Etsy storefront will be displayed in that selected base currency:

  1. United States Dollar (USD)
  2. Canadian Dollar (CAD)
  3. Euro (EUR)
  4. British Pound (GBP)
  5. Australian Dollar (AUD)
  6. Japanese Yen (JPY)
  7. Czech Koruna (CZK)
  8. Danish Krone (DKK)
  9. Hong Kong Dollar (HKD)
  10. Hungarian Forint (HUF)
  11. Israeli Shekel (ILS)
  12. Mexican Peso (MXN)
  13. New Zealand Dollar (NZD)
  14. Norwegian Krone (NOK)
  15. Philippine Peso (PHP)
  16. Singapore Dollar (SGD)
  17. Swedish Krona (SEK)
  18. Swiss Franc (CHF)
  19. Thai Baht (THB)
  20. Taiwan New Dollar (TWD)
  21. Polish Zloty (PLN)

At the same time customers can view prices on Etsy shop in any of these currencies listed above.

Surely, Etsy does not comprise every single currency that’s out there in the world. But Etsy allows to use the currencies supported by PayPal, and that is crucial. At this moment as we are writing this article, there are three options to receive money from buyers on online Etsy shop:

  • Directly to your existing PayPal account;
  • By email when a user sends the check after purchase;
  • Direct Checkout to receive payments to a bank account.

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Please note, if you’re using Direct Checkout you only have 10 currencies available to work with. All transactions will be made in USD while multi-currency allows viewing item prices in supported currencies. Though do not forget that for each conversion to USD at checkout a certain fee is going to be charged, find more detailed information on Etsy website.

The prices displayed in non-USD currencies will be approximate, and only at  checkout prices will be accurate.

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