Are you maximising Beacon to get the most out of your business?

There are many ways to utilise Beacon to ensure you getting the most out of your business.  Beacon allows you to control and interrogate transactional data within your business to ensure you are hitting your desired GP, meeting your cost requirements, and utilizing your Stock on Hand to its maximum efficiency.

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