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title: "Supplier Price Increase - Maintenance (from the Administration checklist)"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31100405/Supplier%20Price%20Increase%20-%20Maintenance%20(from%20the%20Administration%20checklist)"
format: markdown
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Product price increases from suppliers can be entered in advance of when they are expected to commence ( future pricing  by product) or as the price increase takes effect. It is possible to maintain prices at either the individual product item level, the product group level or by supplier. The price can also be entered as either a percentage increase or as a net price change.    Whilst entering new price increases it is necessary to pass on the increase to the selling price. This is achieved by selecting to retain the existing GP of the product so the selling price is increased in line with the cost price.    If customer contracts are setup as GP driven, then the agreed selling price to the customer is also increased in line with the cost price increase, whilst retaining the original GP being made. This means that individual customer pricing terms don't have to be manually edited each time there is a supplier price increase (unless the customer has a special arrangement where the price increase is not to be passed on).