When adding products on the Riway platform, it is crucial that the selling price is higher than the cost to correctly calculate net income. However, in some cases, you may need to sell the product at a price lower than its cost. For example: to clear stagnant inventory, increase sales through offers, or reduce losses if the product's expiration date is approaching.
Therefore, Riway has provided this option.
ℹ️ Note:
When the option to sell below cost price is enabled, it will apply to all products on the sales screen; it cannot be customized for just one product.
Enabling the Option to Sell Below Cost Price
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Go to Sales and Customers > Sales Settings.
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Click on "Sales."
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Enable the option "Sell at Price < Cost."
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Click on "Save."
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Go to the sales register and start issuing invoices.
Frequently Asked Questions
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Can I enable the option (sell below cost price) to sell a specific product and then close it immediately?
Yes, you can open the option to sell this product and then deactivate the option immediately after the sale.
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Can I enable the option to sell below cost price through the Riway Cashier app?
The option to sell below cost price cannot be enabled through the Riway Cashier app; it must be enabled from the platform using a browser.