*This feature is included on Professional plans and up.
Learn more about our plans and upgrading here.
Thrive's invoicing platform and pricelists feature can help streamline and automate your wholesaling process. Wholesale gives you the ability to apply a pricelist discount to your products and then invoice the purchaser. You can set a due date, net terms, and update the statuses throughout the process (including Unpaid/Partially Paid/Paid as well as Fulfilled/Unfulfilled).
By using wholesale in Thrive, you can ensure the correct quantities are deducted and fulfilled, keeping your inventory levels accurate and up-to-date.
Everything you need to know about creating, sending, and fulfilling invoices can be found here. And if you are specifically using invoicing for wholesale, keep reading!
Pricelists
Wholesale goods are typically sold in bulk and at a discount, and customers may receive different price breaks or discounts. That's where Thrive's pricelists come into play.
Pricelists allow you to assign certain discounts and rules to specific customers as a way to automate wholesale prices and price breaks.
NOTE: Customers must already be entered in the system to add a pricelist to them, more on adding customers here.
To create a Pricelist, go to the Pricelist page and click ‘Create new pricelist’.
Enter a name, then select the pricing method. This can be an Overall Discount ($ or %) or a Fixed Price per line item.
By choosing the 'Overall Discount' method, you'll need to enter your discount. Afterward, you can choose between Use Exact Price, Round to the Nearest $.99, Round Up to the Next Dollar, Round Down to the Previous Dollar, and Use Exact Price for your pricing strategy.
By choosing the "Fixed price per line item" method, you will be prompted to add products and set a wholesale price for them.
Any notes can be added, and the Pricelist can be assigned to customers. Hit save and you’re good to go!
Don't forget to assign your pricelist to a customer (or multiple ones).
You can also assign pricelists from your ‘Customers’ tab by clicking '+ Add Pricelists.'
Creating A Wholesale Invoice
Wholesale invoices are created just like regular invoices, except you will choose 'wholesale' under Type. The option to apply a pricelist that is already associated with that customer will become available.
Once a wholesale invoice is made it can be emailed directly to the customer with notes. When fulfilled quantities will be deducted from the chosen shipping location. Once the wholesale invoice is paid and fulfilled, the sale will show up on the Product Sales report.
Reporting
To see all wholesale (and regular) invoice payments and refunds for a given date or date range, go to the Invoicing Transactions Report. More information can be found here: