--- title: Adding a Product - Prices and VAT description: Prices and VAT section --- [Skip to content](https://support.thegoodtill.com/adding-a-product-prices-and-vat#main-content) English Show submenu for translations ![sumup logo-modified.png\]](https://support.thegoodtill.com/hs-fs/hubfs/sumup%20logo-modified.png?height=40&name=sumup%20logo-modified.png) - [Default HubSpot Blog](https://thegoodtill-8238028.hs-sites.com/blog) Open main navigation Close main navigation - [Default HubSpot Blog](https://thegoodtill-8238028.hs-sites.com/blog) - English Show submenu for translations - Home Home Hello. How can we help you? - There are no suggestions because the search field is empty. 1. [Support Knowledge Base](https://support.thegoodtill.com/?hsLang=en) 2. [Back End](https://support.thegoodtill.com/back-end?hsLang=en) 3. [Products](https://support.thegoodtill.com/back-end?hsLang=en#products) # Adding a Product - Prices and VAT ## Prices and VAT section > Please note this page is part of a series of articles about how to create a product. For more information please click [here.](https://support.thegoodtill.com/support/adding-new-products?hsLang=en)   ![prices and vat](https://support.thegoodtill.com/hs-fs/hubfs/prices%20and%20vat.jpg?width=688&name=prices%20and%20vat.jpg) #### Cost Price (store unit)  Enter in the cost price for the product as it should be per store unit. This is for reporting purposes for your profit margin/markup (unless you choose to override this by using ingredient stock).  #### Selling Price This is a mandatory field, this should be entered including the VAT rate. Enter in just the number, no symbols.  #### Vat Rate Enter the VAT rate for the product. You can choose from the preset VAT rates or create your own bespoke VAT rate by going to Setup \> VAT Rates \> Add. This is a mandatory field.  > Please note the stock references below are optional, but recommended if you are tracking your product margins/mark-ups/stock values. #### Store Unit Reference This is an internal reference, recommended if you will be monitoring your stock levels. You can write anything in the field, but it's best to make it as clear as possible. I.e "1 egg" instead of just "1".  #### Supplier Unit Reference This is an internal reference, recommended if you will be monitoring your stock levels.You can write anything in the field, but it's best to make it as clear as possible. I.e "1 pack" instead of just "1".  #### Unit Conversion This is a reference for how many store units there are in your supplier unit. This is crucial to getting the cost prices correct. For example, using the egg analogy, there are 6 eggs in a pack, so the unit conversion number would be 6. If your store unit is 1 pint, and your supplier unit is 1 keg, the unit conversion is however many pints are in a keg.  #### Cost Price (Supplier Unit) You will need to enter in the price for the supplier unit, and based on this and the unit conversion field, the system will automatically calculate the cost price for your store unit, and your mark-up accordingly. For example, if you're selling 1 pint, and your supplier unit is a keg, and you have 33 pints in a keg, and your keg costs you £50, your store unit price will be calculated automatically as £1.515. 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