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Adding Item Costs
Adding Item Costs

How to add the cost per unit or case to the items in your venue

Nick Neale avatar
Written by Nick Neale
Updated over 3 months ago

Article Contents

Introduction

Adding the costs of products is important because they're used to calculate your inventory value, cost of goods sold, dish/drink costing, and more.

Adding costs is done typically during your venue setup. You can add the costs item by item on the web/mobile app, or download a list of your items and upload it after making changes.

You only need to enter the costs once, then as you receive orders and add invoices, the costs will update automatically based on the latest invoice.

You can choose whether the cost reflects the most recent invoice, or is a weighted average of your total stock. You can learn more about Weighted Average Pricing here.

Note: When entering the cost, make sure you're using the pre-tax cost.

You can add your costs on the WISK Web Portal or mobile app.

WISK Web Portal

To add an item cost on the WISK Web Portal:

  1. Click Items > Items on the left menu bar

    An arrow pointing at the "Items" menu button.

  2. Select “Missing Cost” or "In stock & Missing Cost" from the list of predefined filters

    The "Missing Cost" and "In stock & Missing Cost" filters are highlighted

    Note: To help spread out the work, we recommend prioritizing your items that are in stock without a cost as that will have the greatest impact on your account.

  3. Your items without a cost display. You can then add the cost per unit, or cost per case, or cost per another unit of measurement if applicable.

Note: Items are sorted alphabetically by title, but you can use the search bar to find specific items. This is helpful if working from a list of costs.

When adding item costs, you can enter the cost per unit or cost per case directly into the item table.

Cost Per Unit

  1. Click into the “Cost per Unit” field for an item and enter the cost

  2. Click outside the cell. The price updates and the item disappears from the list

An animated gif of a cost per unit being entered. After the cost is entered, the item disappears from view because it is no longer missing a cost.

Note: If you have added a case size, it will multiplies the cost per unit by the case size to calculate the cost per case.

Cost Per Case

  1. Make sure you've entered a Case Size for the item.

  2. Click the “Cost Case” field for an item and enter the cost

  3. The “Cost Case” is divided by the case size to calculate the cost per unit

Note: If you don’t see the the “Case Size” or “Cost Case” columns, you can toggle them on by clicking the gear icon on the top left, then “Columns”.

Other Unit of Measurement

If you need to enter a cost that is another unit of measurement different from the item's default unit (for example, lbs or kgs), follow these steps:

Note: While not as quick, you can add the cost per unit or cost per case this way as well.

  1. Hover your cursor over the item and click the pencil icon

    An arrow points to the pencil icon beside the item's name.

  2. Click the edit button beside the "Cost" field

    The "Edit" button is highlighted beside the Cost field.

    Note: If you'll be adding a Cost per case this way, make sure that you have added a Case Size.

  3. Enter the cost and select the "Cost per UM" from the drop-down menu.

    The "Cost" window, where you enter the cost of the item, and the unit of measurement.

    Note: You can select "Unit", "Case" or any other unit of measurement that is the same type as the item's measurement (Volume or weight).

    An arrow points to "Case" under the "Cost per UM" drop-down menu.

  4. Click "Save"

    The "Save" button is highlighted.

    Note: If you selected "Case", it will show the cost per unit, and the cost per case just below it on the "Items" page.

    The "Cost Per Unit" field is highlighted, showing the cost per unit, and cost per case.

Upload Costs via Spreadsheet

You can add your item costs in bulk by using our provided template. Just download your venue's item list, add the costs, and re-upload it. Learn more here.

  1. From the "Items" page, click "Actions" > "Import items from Excel file"

    The "Actions" button is highlighted and an arrow points to "Import Items from Excel file' on the drop-down menu.

  2. Click "Download template"

    The "Download template" button is highlighted on the "Upload items" window.

  3. Use the template to add the cost, and cost per unit of measurement for each item

    The template where you add the cost and cost per unit of measurement.

  4. When finished, return to the import screen, select the file by clicking "Browse". Then click "Upload".

    The file has been selected on the "Upload items" window, and the "Upload" button is highlighted.

  5. Your costs will update based on the data entered in the template.

Mobile App

To add an item cost on the WISK mobile app:

  1. Tap the “Items” button on the bottom menu bar

    An arrow pointing at the "Items" button on the bottom menu bar.

  2. Tap the view selector and select “View missing cost”

    An arrow points at the view selector, and the "View missing cost" option is highlighted.

  3. All items without a cost display. You can add the cost per unit, or cost per case if applicable

Note: Items are sorted alphabetically by title, but you can use the search bar to find specific items. This is helpful if you are working from a list of costs.

Cost Per Unit

  1. Tap into the “Cost” field beside an item

  2. Enter the value and tap Done. The price updates and the item disappears from the list

    An animated gif where the missing cost is entered for an item and it disappears from the list.

Cost Per Case / Other Unit of Measurement

If you need to enter a cost that is by the case, or another unit of measurement different from the item's default unit (for example, lbs or kgs), follow these steps:

  1. Swipe the item to the left

    An arrow gestures to swipe an item to the left.

  2. Tap the "Edit" button

    An arrow points at the "Edit" button after the item has been swiped to the left.

  3. Tap the "Cost" field

    The "Cost" field is highlighted under the selected item.

  4. Enter the cost and select the measurement

    The "Cost" window appears where you'll type the cost and set the unit.

    Note: Make sure that you have set a case size for the item if adding the cost per case. This ensures you'll have the correct cost per unit

  5. Tap "Done"

    A cost of 144 and an item measurement of case has been set. The "Done" button is highlighted for emphasis.

  6. Tap "Save"

    The cost has been set for the item and the "Save" button is highlighted.

Maintaining Item Costs

After adding your item costs, any cost updates are applied automatically when you enter your invoices.

To see any remaining costs that were set manually, there is a filter on the Items page called "Cost Set Manually". Over time, the majority of your item costs should come from invoices and very few should still have a manual cost (deadstock, etc.)

The "Cost Set Manually" filter is highlighted

Price changes are detailed in your daily and weekly summary emails, and you can check the cost history of an item on the WISK Web Portal.

To learn more, see:

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