Whenever there is a need to update your price e.g. New Financial Year, you can do so by adding new price into each Price Book.
This activity is generally done in advance, therefore while adding new price use effective date to distinguish between existing Price and shifts that should take new price.
Note! Please do not update existing price because this will update price on historic shifts as well.
In order to add a new price, go to existing Price Book and add new price.
Note! There is no need to create new Price Book.
Go to Accounts from left-hand side navigation. Then Click on Price. All old Price Books will appear on the right side page. Click on Edit button located on right side of page against each price book.
Clicking on Edit button opens a Price book. Click on New Price in order to add prices. Fill below form will the details of new price.
It's important to select a correct effective date. The price in the shifts will update from the effective dates selected.
In below example, we have Updated Saturday, from Price book "High-Intensity Daily Personal Activities (Assist Integrate School)". New price is 95/hr effective from 1st April 2019. This means that in shifts old Saturday price (i.e $90/hr) will be overwritten by new price (i.e $95/hr) from 01-040-2019.
Click on Save. Now your new price is added under the existing Price Book.