This article will guide you through setting up your pricing rules and sales tax to optimize your business strategies effectively.
FAQs covered in this article:
Where can I manage my pricing rules in the platform?
Navigate to Manage > Pricing Rules in the system
Pricing rules
Pricing rules are predetermined guidelines applied to your products based on location and volume conditions. Tengiva's system automatically applies these rules (markups by location and volume) on top of the base product value displayed on each product’s page.
Any changes will be reflected within 1 hour across all systems ‘Powered by Tengiva’.
Types of pricing rules:
By location
If you have different price strategies for different locations, you can add the markups here to apply them to specific territories.
By volume (tiers)
Smaller volumes require more labour, therefore they are more expensive to process. You can add a markup to compensate for this. Tengiva applies default markups for base volumes, but you can edit at any time to better reflect your internal costs.
This functionality acts as a Loyalty Program. You can assign a volume ‘tier’ to a specific client with whom you want to build loyalty. This will apply to all systems ‘Powered by Tengiva’.
Sales tax
Navigate to Manage > Sales tax in the system
You will be able to set your own sales tax. The percentages, name of sales tax, and countries where they are applicable are customizable. You can fill each field in the way that applies to your business.
You may opt out of this functionality if your sales tax is already included in your price.