Setting retail prices to achieve targeted profit
Business Advisory Services Update
Retailers face ongoing challenges from competition, as well as calculating the price mix correctly. Miscalculations will have a significant effect on fiscal issues for SMEs. Such as overinvestment in inventory, low profitability, or even losses if incorrect mark-ups are applied.
Virtually every accounting firm in Australia has retail/wholesale clients. By being proactive in this area, you will enhance your reputation in a significant segment of the SME marketplace.
ESS BIZTOOLS has developed the Retail Charge Out Rate Calculator, which is included in the Starter Package. This material will assist you to determine various scenarios relating to your retailer client’s stock lines, quantities and mark-ups that will generate the targeted profit.
Want to know more? We invite you to register to our complimentary webinar, which will explore the Retail Charge Out Rate Calculator, and how you can utilise this material to assist your retail clients to achieve the appropriate pricing for their products to achieve desired profit.
The webinar will be held on Friday 12 July at 11am AEST. CLICK HERE to register.
