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How Themis Uses This

Themis draws on your product catalog for financial analysis:
  • Revenue by product and service line
  • Margin analysis (if cost prices are set)
  • Cross-sell pattern detection
  • Budget vs. actual by product category

Themis — Product Analytics

Ask Themis for a revenue breakdown by product or a margin analysis

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Key Concepts

TermMeaning
ProductA physical good in your catalog
ServiceA non-physical offering (consulting, subscription, etc.)
SKUStock Keeping Unit — your internal product identifier
PriceA rate you charge; one product can have multiple prices (e.g. retail vs. wholesale)
Measure UnitThe unit invoiced in (hours, kg, piece, license, etc.)

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Creating a Product or Service

1

Go to Products and click New Product

Choose type: Product (physical good) or Service.
2

Enter basic details

Name, SKU (auto-generated or custom), description, and category.
3

Set the default price

Enter the unit price and select the measure unit (e.g. per hour, per unit, per license). Set the tax rate that applies.
4

Add additional prices (optional)

Use multiple prices for tiered pricing, different currencies, or customer-specific rates (e.g. retail vs. wholesale).
5

Set a cost price (optional)

Used by Themis for margin analysis. Not shown to customers.
Set up your full product catalog before creating invoices. Selecting from catalog is faster than entering custom line items, and it keeps your revenue analytics clean.

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Managing Prices

A single product can have multiple price entries:
  • Default price — Used when no other price matches
  • Tiered prices — Different rates at different quantities
  • Currency prices — Prices in foreign currencies for international customers
  • Customer-specific prices — Override prices linked to a specific counterpart
1

Open a product and go to the Prices tab

Click Add Price.
2

Set the price, currency, and any conditions

Conditions include minimum quantity or a specific counterpart.

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Measure Units

Define custom units that match your business (e.g. “half-day”, “10-pack”, “API call”): Go to Settings → Measure Units to create and manage units. These appear in the unit dropdown when creating products.

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Best Practices

SKUs let you reconcile orders, invoices, and inventory in external systems. Establish a naming convention before you have hundreds of products.
Even rough cost estimates unlock Themis’s margin analysis. Without cost prices, Themis can only report revenue, not profitability.
Categorize products from the start. Themis’s revenue-by-category reports are only useful if categorization is consistent.