Pricing Data Available with Each Item

 

Each inventory item has five independent prices. One price is usually your cost. Another price is usually set to a list price. The other three prices are up to you. An account might buy at any one of these five prices plus or minus some percentage. For example, an account might buy at your cost plus 30% or they might buy at list price less 40%.

A Core is a deposit that the account must pay at the time of sale. For example, in some areas the account must pay a deposit when they buy a car battery. When the account returns the old car battery, they are refunded the deposit.

On sale special pricing is what you might see in a local newspaper. You can set a beginning date, an ending date and a sale price applicable between those dates. You can set the sale items at your convenience and be assured that the sale prices will be applicable when you want them. For example, suppose we have a WIDGET part number that has a beginning sale date of 1/1/97, an ending date of 1/31/97 and a special price if $1.99. On any day in January of 1997 if a WIDGET is sold, the price will be $1.99.

Quantity breaks are a special pricing by part number. You can have up to three quantity discounts for special pricing by item. For example, you might sell motor oil by the quart, by the case of 12 quarts, by the pallet of 16 cases and by the truckload of 24 pallets. The quantity discounts for the part number would be at 12 quarts, 192 quarts and 4608 quarts. For each of the quantity discounts you would set the quantity break and a corresponding price level and a percentage of the price level.

You have the option for 1/100th cent pricing on parts of your inventory.

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