With Rackbeats Unit Converter you have the opportunity to purchase, store and sell in different units! We will take you through the new feature in this article.
The Unit Converter is free - all it requires is a Premium Rackbeat subscription. The Unit Converter is already installed, so you're ready to go!
In this article we'll go through the basics of how it works. We will use a simple example where we buy and sell red wine.
⬇️ First, you need to create the units you want to work with. You do this where you normally create your units ('Inventory' > 'Units'). In this example, we have created our standard unit (pcs), as well as the other units the bottles are traded in (pallet, box and gift box).
⬇️ On the product card, you must specify the standard unit for the product - in this case 'pcs' is our standard unit.
⬇️ You can then add and define the other units in which the bottles are purchased and sold - go to the tab called 'Units' on the product card.
Here you can add the units previously created - this is done via the '+ Create new' button. So, in this case, the units added are:
pallet (24 pcs)
box (6 pcs)
gift box (2 pcs)
Use the matrix to define:
- Quantity - this specifies how many standard units 'go into' the alternate unit.
- Sales price - can be freely defined (NOTE! Sales price in Rackbeat should always be excluding VAT)
- Cost price - can be freely defined. This cost price is used when creating a purchasing order for the product. When creating a sales order for the product, we always use the 'actual' cost price for the standard unit (which can be seen in the product overview).
- Barcode - option to add a barcode for the unit
- Default Sales Unit - you can choose to make this unit the standard for sales orders. It is always possible to change on a specific order/invoice, but if you put a ✔️ here, the system will automatically suggest this unit when creating a sales order for the item.
- Default Purchase unit - you can choose to make this unit the standard for purchase orders (POs). It is always possible to change on a specific order/invoice, but if you put a ✔️ here, the system will automatically suggest this unit when creating a purchase order (PO) for the item.
You are now ready to use the Unit Converter!