The Prices Form Tab stores all the information to do with pricing for the inventory item - normal selling price, special prices for bulk quantities, customer specific pricing that applies to selected debtors or a class of debtor, 10 Selling Prices with the capability of setting up forward pricing and Group Pricing for Debtor Groups. Pricing can be set item by item or by using the bulk price import forms or importing from Excel.
Steps
| 1. | Prices tab | |
| 2. | Inventory
Defaults
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| Sell Price - selling price of the product or services per unit -e.g. $120.00 per unit. Linked to the Sell Price field on the Main tab and a change in either place will update the other field | ||
| R.R.P. - Recommended Retail Price of the item - may not be applicable to services. Linked to the RRP field on the Main form tab and a change in either place will update the other field | ||
| Last Cost – last price paid on purchase of stock items. This field is updated when purchase invoices are activated. The field can be overwritten | ||
| Min GP% - minimum Gross Profit percentage required on this item. System settings control whether a selling price below this minimum required can be entered onto a sales order - a message will display the minimum selling price permissible | ||
| GP % - calculated figure - Gross Profit divided by Selling Price | ||
| GP $ - calculated figure – Selling Price minus Last Cost Price | ||
| 3. | Inventory
Pricing Schemes Inventory pricing schemes fall into three categories. Quantity price breaks that apply for goods sold above specified quantities; Debtor specific pricing where specific prices are applied to selected debtors; Debtor Classification specific pricing applied to classes of debtors System settings determine the priority of application |
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| 5. | Customer Special Pricing | |
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Description - of the debtor or the debtor classification depending on system settings. Select from the search window | |
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Source - that the special price is based on:
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Mode - of the adjustment to the price. None – where the special price is inserted manually; Percentage – calculated on the selected source; and Actual - price applicable to the source selected e.g. Last Cost. Select from the list box |
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Amount - of adjustment applicable where the mode is Percentage. Amount is entered in relation to 100% e.g. where price is to be 90% of Sell Price, the amount is entered as -10.00; where the price is 115% of Last Cost, amount is entered as 15.00. |
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New Price - applicable to the selected customer. Insert where mode is None otherwise the system will calculate based on the other two modes – Percentage or Actual. Where the mode is Percentage and this field is completed, the Amount field will be calculated |
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Debtor/Class Specific
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| Description - of the debtor or the debtor classification that is selected from search windows | ||
| Source - that the special price is based on - Sell Price, Last Cost, RRP. Selected from list box | ||
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Mode - of the adjustment to the price, selected from the list box. Percentage - calculated on the selected source; Actual - price applicable to the source selected e.g. Last Cost; None - where the special price is inserted manually |
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Amount - where Mode is ‘Percentage’: the amount is the percentage to be added to or deducted from the source. e.g. 10 = Mode + 10% (SP + 10%) -2.5 = Mode - 2.5% where Mode is ‘Actual’: the amount entered is added or deducted from the source. e.g. 10 = Mode + $10 -2.5 = Mode - $2.50 where Mode is ’None’, the amount entered is the new price |
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New Price - applicable to the selected customer or debtor classes. Insert where mode is None otherwise the system will calculate based on the other two modes - Percentage or Actual. Where the mode is Percentage and this field is completed, the Amount field will be calculated |
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| Start & End Dates - start date is inserted as the current system date and end date 20 years from the start date. Edit as required. | ||
| I-Commerce Enabled – used by external developers. | ||
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