18.4 Field Descriptions

Price Class

This field is used only when the pricing structure is customer. With this type of pricing, you can divide your customers into groups and give each group its own price. For example, if you sell both retail and wholesale, you might make classes called retail and wholesale. The actual classes you use are up to you. The customer is assigned to a particular group by entering the class name (retail, wholesale, etc) in the Codes field on the Customer screen. This field should be left blank for quantity price structures.

Lower Quantity

This field must be filled in for quantity price structures. It is used to display the lower quantity limit for a particular price. For example, if you buy less than 100 widgets, the price is 20. If you buy 100 or more widgets, the price is 15. The lower quantity limit for the 20 price is 0. The lower quantity limit for the 15 price is 100. This field should be left blank for customer price structures.

Margin

This is the percentage of the price that becomes gross profit. For example, if the price of an item is $2.00 and the margin is 50%, the gross profit is $1.00. This field is used to recalculate the price during the repricing process, Reprice Inventory Using Margins. Both pricing structures, customer and quantity use this field. Input to this field is optional.

Price

The price in this field is the default price for this product when an order or invoice is entered. Both price structures use this field. Process Reprice Inventory Using Margin updates this field based on unit cost and margin. Input to this field is optional.