Last buy price

After a purchase order is received and costed, the last buy price is recorded for that specific location you're working in. 

To manually edit this value, edit the product and directly update the last buy price.

Unit cost price

This is the product's overall weighted average cost, calculated based on all costed purchase orders. This price is maintained automatically—after each receipted and costed purchase order, the average cost is recalculated and updated.

On the Sales orders or Quotes page, the gross margin percentage (GM%) is calculated using this cost.

To manually edit this value, use the Cost Adjustment* tool.

Note📝: for new products with no stock and no past transactions, updating the last buy price will also update the unit cost.

Selling price

The default selling price of the product.

You can set this price as GST / tax exclusive or inclusive via the company settings.

All price tiers and promotions that rely on percentage discounts will be calculated from this value.

Full / RRP
(recommended retail price)

In most cases, this is the same as the default selling price. It's primarily used for e-commerce website display purposes and is not involved in any system calculations.