Goods & Services

Goods and Services menu allows you to define goods and services that you purchase and sell as part of running your business.

Parts are tangible items you keep in your stock. You purchase them from your vendors and sell them to your customers for profit.

Services are those items for which you do not track onhand quantities.

Groups are used to group togather the parts and services. You can filter parts and services reports by selecting a group on search screens.

Groups have another useful functionality. When you check the POS button box during group add or change, they appear as buttons on POS (point-of-sale) screens making it easier to select items within each group.

MyLedger has very flexiable pricing mechanism. For example:

1. You can define customer specific prices for each part.
2. You can define quantity breaks. (If someone buys 10 units instead of 1, he/she can automatically gets lower price.)
3. And you can specify start and end dates to offer a special price during, for example, Christmas season.

Price groups take this concept further and allow you to define 'groups' of special prices. Let us say you sell to distributor, dealer and end-user. Each of these groups of customers gets tiered discount/price.

There are three steps to use price groups:

1. Create three price groups; distributor, dealer and enduser. (Goods & Services-Add Pricegroup)
2. Define item prices for these price groups. To do this, open the item for editing and select the price group and set the price according to the price group tier. Leave the customer column blank. Repeat this for all items. (Clicking 'Update' will allow you to set prices for multiple pricegroups for a single item.)
3. Open the customer record for editing and set the applicable price group for that customer.