Cost Tab:
The total cost of the materials used as taken from the Inventory parts list. You can also add labor and other costs here.

 

 

# Important Note – The hourly rate used here (unless manually overridden which is then displayed in bold) is the hourly rate from the calculator in your Admin Setup.  This rate is fixed to whatever your hourly rate is at the time you create the piece.  If you update your hourly rate calculator at a later date the new hourly rate will be applied to any new pieces created but will not affect the hourly rate that was applied to previously created pieces to ensure that previous invoice prices are not affected.

 

Sale Price Tab:
Calculates the Wholesale, Direct and Suggested Retail prices for a piece based on the markup you decide. You can change the Markup by clicking in the box and typing in a new value.
There is also a calculator in here that will help you to calculate sales prices for Etsy.  This is covered in the advanced section Etsy Calculator.

 

 

The Sale Price is calculated by marking up the cost of the material and then adding the labor and other cost.  It does not markup the Total Cost including labor.

 

Sale Price =  (Markup value * material cost) + Item Labor + Other Cost

 

For the example above we can see from the Cost Tab that the material cost is $5.24.  Labor is $16.27 and Other Costs are $5.

 

For the price calculations in the Sale Price tab this gives us the following pricing calculations;

 

• Wholesale:       (2.5 * 5.24) + 16.27 + 5 = $34.36

 

• Direct:              (3 * 5.24) + 16.27 + 5 = $36.98

 

• Sugg Retail:     (5 * 5.24) + 16.27 + 5 = $47.46

 

Wholesale        = Suggested pricing to sell to a shop who will be on selling your jewelry

Direct               = Suggested pricing to sell to specific individual customers

Sugg. Retail     = Suggested pricing to sell through your own store/website

 

As you may override any of these markup rates these are SUGGESTIONS only and you may apply them in any way you see fit for your business.

 

 

Alerts Tab:
Shows you if there is an alert for that piece if it is low in stock. You can set the alert in the Pricing TAB.