Mark-ups and exchange rates
Set your default mark-up tiers, give a customer their own mark-ups, and control the exchange rates used in sell prices.
Two settings sit behind every calculated sell price: the mark-up applied to each tier, and the exchange rate used to convert the factory's buy price into your currency. Both are under your control, and neither changes on its own.
#Default mark-up tiers
Go to Settings → Pricing & FX → Default mark-up tiers. Each tier has:
- a Code, such as A or B,
- a Markup %, such as 60,
- the resulting Multiplier, such as 1.6.
Press + Add tier to add another. On a product's Pricing tab, you choose one of these codes for each quantity break, so larger quantities can carry a smaller mark-up.
#A customer's own mark-ups
Some customers have agreed different margins. Open the customer, go to Company details → Pricing, and set their mark-up tiers there.
- COST is a 0% mark-up.
- Bypass mark-up prices at buy plus freight.
A product's markup choices use the owning customer's tiers if they have any, and your defaults otherwise.
#Exchange rates
Go to Settings → Pricing & FX → Exchange rates. For each currency you see:
- Manual rate — the rate Flyte actually uses.
- Live rate — today's market rate, for reference.
Buttons:
- Fetch live rates looks up current rates.
- Apply live → stored copies the live rates into the manual rates.
- + Add adds a currency.
Good to know
Prices never drift on their own. A sell price only changes when someone updates the stored rate, so you can decide when to pass on a currency movement.
#Overriding the rate on one product
On a product's Pricing tab, fill in Manual FX override to use a specific rate for that product only. Leave it blank to use the default from Settings.
#How rates are used later
When a purchase order is submitted, the exchange rate at that moment is captured for margin reporting. Once you record a payment with the rate it actually went out at, reporting switches to the rate actually paid. See Financials.
#Common questions
I updated the exchange rate. Why didn't a product's price change? It may have a Manual sell price, a Manual FX override, or locked pricing. Manual prices always win.
Why is the buy currency fixed? It follows the factory's Default currency.