Accounting 2.0 - Stock: Item selling price did not update correctly according to the Cost and Markup %

Question: I keyed in Standard Cost 4.5, Markup 5%, the system updates Selling Price as 4.75? The amount was supposed to be 4.725.

Version: 2.0 / 2.1

Possible Reason:

Because you’ve set item group Multi Price rounding method.

Solution:

1) Find out the stock group of this item, and then go to Stock > Stock Group Maintenance.

2) Go to Multi Pricing tab, currently the setting is Standard Rounding, 5 Cent. The selling price markup 5%, 4.5 + 5% = 4.725 and rounding to 5 Cent = 4.75.

3) If you do not wish to have rounding, you may set it to No Rounding, then click on OK.

4) Go back and edit the item, retype value 5 at Markup column and press Enter, now the Selling Price updated to 4.725.

By: Lay Swan 231020, P231025

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