Over the next few monthly newsletters, we will explore different functions within Beacon to give you more control and insight into your business.  Each month we will hone in on a particular feature within Beacon to get you on the right track to maximizing your business.

Step 1. Ensure you are meeting your desired GP by setting a default GP for your Subgroups.

What are the benefits to setting up a default Stock Subgroup GP?

Setting a default GP in your Subgroup setup will assist you in the following ways:

• Whenever you add a new item into this subgroup Beacon will automatically recommend a price that meets your default GP settings. This helps you enter stock items faster and also brings up a suggested price for other team members adding new stock items.
  
  Stock > Stock Maintenance > Add/Change
  
  
  
• You can use the Global Price Changes utility to quickly and easily do a sweeping change to bring all items in line with your subgroup GP.
  
  Stock > Global Price Changes
  
  
  
• When running a Stock Margin Report you can very quickly assess those items that do not meet the default GP.
  
  Stock Report > Stock Report > Stock Margin
  
  

How do I set a default GP in Beacon?

To set your Subgroup default GP, select Stock > Subgroup Maintenance > Change

Enter your desired Default GP in the ‘Default GP% field and then hit ‘OK’

Look forward to more Beacon tips in the next Beacon monthly