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Product Pricing

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    Posted: 02-Feb-2007 at 06:17

Product Pricing

The order in which price is determined for each customer is as follows:

1. The customer price level on the customer control screen is first referred to. The product control screen allows for price levels A-F. If no price level is specified it defaults to the price level A. A specific discount can be entered against each price level. For example B10 would give the price of 10 percent off price B for all products. Mark-ups on cost can also be used. X is used for last and current cost and V is used for average cost. X10 would give a price of 10 percent markup on the higher of last or current cost.

2. The customer price grid is then checked for matching groups. If specific groups have been entered in the grid and the product group code matches one of those groups, then the specific group discount will be applied. Group discounts may be A-F, X or V followed by the specific percentage. If a group price is specified instead of a group discount then that price will be used for all products sold to that customer in that group. The option exists to use product price level in setup invoice/order options to refer to the product price level field instead of the product group code.

3. Subgroups may also be used to further define the pricing. If a group and subgroup is entered in the grid then the relevant discount or price will only be given if both group and subgroup match. To use subgroups the price by subgroups option must be ticked in the setup invoice/order options screen.
4. The customer price grid is then checked for specific products. If the specific product is in the customer price grid then that price is used.

5. If the quantity price break option is set in the setup invoice/order options screen and a quantity is entered against either the group or the product in the customer price grid, then that price or group discount is used, providing at least that quantity is ordered or supplied.

6. It is possible to borrow or use another customerís price grid. Simply enter the required customer code in the price as field in the customer control screen. At Point of Sale, invoice or order the price as customerís price grid will be referred to first, followed by the customerís own price grid. This is very useful where a number of customers have similar pricing structures.

7. Promotional pricing on products is the checked. If the invoice date falls in the range of promotional start and finish dates then the promo price is used.

8. If rounding is set in the Product tab of Setup Options then the price will round to the required value. Normally rounding is set to .01 or .05.

Price and Total

The retail, discount and unit price can all be overwritten at this point. If a new discount is entered, the unit price will recalculate.

A minimum invoice markup percentage can be entered in the Invoice tab of Setup Options. If the price falls below this, a minimum margin warning will be displayed.

GST is calculated and displayed at the base of the screen.

The Total column is the extension of price multiplied by quantity supplied.

Edited by Susmita - 14-Feb-2007 at 07:27
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