Enter a code of up to six characters to identify the price list. You can use letters and numbers in the code, but not spaces.
Enter a description for the price list code.
If the selling price is based on Discount, select the method to use to discount the prices:
- Percentage. Discounts are a percentage of the base price. You specify the percentage to use in the table in the lower part of this tab.
- Amount. Discounts are the amounts you specify in the table in the lower part of this tab.
If the selling price is based on a markup, select the method to use to mark up item prices:
- Percentage. The selling price is calculated by marking up the base price by a percentage. You specify the percentage to use in the table in the lower part of this tab.
- Amount. The selling price is calculated by marking up the base price by the amount you specify in the table in the lower part of this tab.
Select whether the price of the item is based on weight or on quantity.
If you select Weight, you can set volume discount amounts or percentages based on item weight. The weights are calculated in Order Entry by multiplying the unit weight of an item times the quantity ordered, and converting the weight to default units.
Select the number of decimal places (0 - 6) to use for displaying and printing prices and costs.
Select the method to determine price discounts for items:
- Customer Type. Pricing depends on the customer's type (A, B, C, D, or E). Customer types are assigned to customers in Accounts Receivable
- Volume Discounts. Pricing depends on the quantity of an item the customer purchases.
If Round Up or Round Down is selected for Rounding Method, enter the number to round customer discount prices. For example, if you type .05, prices that are not already a multiple of .05 are rounded to the next such multiple.
Note: This field is not available if No Rounding is selected for Rounding Method.
Select the rounding method, if any, that you want the program to use when it calculates customer discount prices or markup prices.
If you select No Rounding, prices appear exactly as calculated, to the number of decimal places specified by the Price Decimals field (or that your functional currency uses, if it uses fewer).
The program uses the selected rounding method when you discount or mark up prices by a percentage.
Select the default method for calculating the selling price of items assigned to this price list.
- Discount. Discounts the base price for the item. (You assign base prices when you assign items to the price list.)
- Markup on Markup Cost. Marks up the "markup cost" entered for the item (You assign markup costs when you assign items to the price list.)
- Markup on Standard Cost. Marks up the standard cost of the item. (You assign standard costs when you add location details for items.)
- Markup on Most Recent Cost. Marks up the most recent cost of the item.
- Markup on Average Cost. Marks up the average cost of the item.
- Markup on Last Cost. Marks up the last cost of the item.
- Markup on Alternate Amount. Marks up the alternative amount specified for the item. (The name of the alternative amount is specified on the Processing tab of the I/C Options screen.)
Note: If pricing by weight, you can only choose between Discount and Markup on Markup Cost.
The table on this tab displays the default discounts or markups for this price list. The columns in this table depend on the selections on the upper part of the tab.
If you selected Customer Type for Pricing Determined by, this column displays letters for the customer types.
Customer types are assigned to customers in Accounts Receivable and used by the Order Entry program when you enter orders. Inventory Control does not use customer types.
You then enter discounts or markups in the second column for as many customer types as you use.
If you selected Discount for Selling Price Based on and Amount for Discount on Price by, enter the amount of discount to apply in this column. Enter these discount amounts in pricing units (include any taxes that are assigned on the Taxes tab).
If you selected Discount for Selling Price Based on and Percentage for Discount on Price by, enter the percentage discount to apply in this column.
If you selected Markup for Selling Price Based on and Amount for Markup on Cost by, enter the markup to apply in this column. Enter markup amounts in pricing units.
If you selected Markup for Selling Price Based on and Percentage for Markup on Cost by, enter the percentage markup to apply in this column.
If you selected Volume Discounts for Pricing Determined by, enter a quantity (in the stocking units for the item) where the discount or markup changes. You can use one to five rows.
You then enter discounts or markups in the second column for each quantity.
Select whether to check the unit price or the sales margin.
If Unit Price is selected for Check, choose the base used to determine whether the price falls within an acceptable range: the cost plus a percentage, the cost plus a fixed amount, or a fixed range.
Choose the type of cost to use for calculating the acceptable range.
Note: This field does not appear if you choose Fixed Amount for Check Base.
Choose how you want Order Entry to respond to price overrides.
- None. Order Entry does nothing about overrides.
- Warning. Displays a warning message and lets the user continue.
- Error. Displays an error message and rejects the price override.
- Approval. Requires a supervisor’s approval for price overrides.
The table on this tab shows the range of prices that can be approved by each user. There can be different price approval levels for sales clerks and supervisors. If you want to add another user, first click Add Line to add a line to the table.
If Cost Plus a Fixed Amount or Fixed Amount is selected for Check Base, enter the price approval range as a fixed amount over cost or a fixed cost.
If Cost Plus a Percentage is selected for Check Base, enter the price approval range as percentages over cost.
Enter (or click the Finder button and select) the user for whom you want to specify a price approval range.
The table on this tab shows the tax authorities that tax sales of the items associated with this price list.
If you want to add a tax authority, click Add Line to add a line to the table.
Enter (or click the Finder button and select) the customer tax class for the tax authority.
Displays the tax class description associated with the customer tax class code.
Enter (or click the Finder button and select) the tax authority (such as a state or province) that taxes sales of the items.
Displays the tax authority description associated with the tax authority code.
Overview
Use the I/C Price List Codes screen to:
- Add price list codes to identify your price lists.
- Select default options for calculating customer discounts or markups for the items you later assign to the price lists.
- Specify how to check price overrides in Order Entry for customers and orders that use this price list.
- Specify default tax authorities and classes that apply to items on the price list
Discount Tab
Use this tab to:
- Specify the method of calculating selling prices for items on the price list.
- Specify the number of decimals to use in prices on the price list.
Price Check Tab
Use this tab to specify how Inventory Control checks price overrides for Order Entry orders that use this price list
Taxes Tab
Use this tab to specify the tax authorities and classes that apply to items on the price list.