Set Up Costs & Pricing

Adding costs to your products unlocks accurate profit calculations across Palmetrics — in your sales reports, on the Products page, and when setting up auto-pricing.

Why add costs?

Without costs, Palmetrics can only show revenue. With costs added, you'll see:

• Profit per sale on the Sales page
• Projected profit when setting auto-pricing min and max prices
• Markup-based pricing — automate price changes when your costs change with markup-based pricing

How to add costs

Manually

1. Navigate to the Products page
2. Click on a product
3. Enter the cost for the product

Automatically via Cost Sync

If you manage your costs on Shopify or WooCommerce, you can have them automatically pulled into Palmetrics using Cost Sync. This keeps your costs up to date without manual effort.

For full details, see the Product Costs guide.

Optional: Markup-based pricing

Instead of setting fixed Rand values for your prices, you can set a percentage markup based on your product cost. When your cost changes, the price adjusts automatically to maintain your margin.

Markup-based pricing works both with and without auto-pricing:

• With auto-pricing — Set min and max markup percentages, and Palmetrics calculates the price range automatically
• Without auto-pricing — Set a single markup percentage to keep your selling price tied to your cost

For full details, see the Markup-Based Pricing guide.

Next step

If you sell on multiple channels, learn how to Sync Your Stock across all of them.