By popular request from a lot of our clients, we have created a tool to mass update all of your pricing all at once by a percentage amount.
This was mainly wanted for our customers to handle the NZ GST rise several years ago. When people were increasing their prices by 2.5% it required a price increase of 2.222% (FYI its not 2.5%, its 1.15/1.125 = 1.0222222)
Of course you have other, possibly better, options available than simply mass-updating your pricing by 2.222% - you might prefer to absorb this cost on some products, take the opportunity to increase unprofitable products by a higher amount, and you might not want all your prices to be changed to strange numbers (eg instead of 39.95 the price will become 40.83).
However if you are in a very low-margin business where "pretty looking" prices aren't important, this is the quickest way to update all your prices:
- Navigate to the item list, which is under Items > Item List
- At the bottom of the list, click the "Update all prices" button:
- You will be presented with a page asking how much to increase your prices by : For the NZ GST rise of 12.5% -> 15%, that number was "2.222". You can of course increase by any percentage you like
- When you click the "Update my prices" button (after carefully reading all the warnings on this page!) you will see a progress bar:
Do not close your browser until the process is complete!!