If you need to implement a price increase, whether on an individual item or across select or all categories, this can be achieved by following the steps below.
Increasing the Price of an Individual Item or Service Code
1. Select Administration from the Main Menu on the left side of the screen, and then select the Items and Services icon.
2. Locate the item or service from the list using the filters at the top of the page. Then select Edit.
3. On this page, scroll to the Item Pricing section and make appropriate modifications to the Unit Price text field. When finished, select the Save Item button in the lower-left corner of the page.
Pro Tip: The Markup Percentage text field will automatically increase the Unit Price text field based on the Cost Price text field. Example: If the Cost Price equals $55.00 and the Markup Percentage is 120%, then the Unit Price will equal $66.00.
- Important Note: If your item cost decreases during receiving, the retail price set in Items and Services will remain the same. If your item cost increases during receiving, the retail price set in Items and Services will also increase based on the assigned percent markup.
- For example: If your item cost is originally $12.00 and you assign a 50% markup, the retail price will be $18. If that cost decreases to $10 during the next receiving entry, your retail price will remain $18.00. However, if your cost increases to $15.00, the retail price will increase to $22.50 (50% markup on the new cost of $15.00).
Increasing the Price of Item or Service Codes by Category
If you need to increase the price of inventory codes in your platform based on category, our dedicated Customer Support team can take care of this for you! Please contact them via email at support@hippomanager.com and include the following information in your message:
- Your practice name
- Details about your desired price increase and the specific categories you wish to have this increase applied to in your system
- The date you would like the price increase to take effect
Increasing the Price of All Item or Service Codes
To increase the price on all inventory in your platform (across the board), our dedicated Customer Support team can take care of this for you! Please contact them via email at support@hippomanager.com and include the following information in your message:
- Your practice name
- Details about your desired price increase and that you wish to have this increase applied to all items and services in your system
- The date you would like the price increase to take effect
Helpful Tip:
For more information about contacting our Customer Support team, check out Index: Contacting Customer Support.