- EBMS Knowledge Base
- Inventory
- Product Pricing
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Client Resources
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EBMS Main Documentation
- Introduction
- Getting Started
- Getting Started | Initial Installation
- Getting Started | Company Setup
- Quick User Guide | Financial Staff | Accountant
- Quick User Guide | Financial Staff | Accountant | Accountants Journal
- Quick User Guide | Sales Staff
- Quick User Guide | General Staff
- Features
- Reports
- Security
- Server Manager
- Technical
- Technical | Data Import and Export Utility
- Technical | SQL Mirror
- Automotive
- Automotive | Parts Catalog
- Automotive | Pricing
- Automotive | Point of Sale
- Automotive | Product Application
- Automotive | Keystone Interface
- Metal Supply
- Fuel Sales
- Horticulture
- Horticulture | Farm Setup
- Horticulture | Processing Payroll
- Horticulture | Managing the Farm
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Sales
- Introduction
- Customers
- Customers | Miscellaneous Customers
- Proposals
- Proposals | Processing Proposals
- Proposals | Sets and Templates
- MyProposals
- MyOrders
- Sales Orders
- Invoices
- Materials Lists
- Sales and Use Tax
- Sales and Use Tax | TaxJar
- CRM
- CRM | Auto Send
- Recurring Billing
- Credits
- Customer Payments
- Payment Card Processing
- Payment Card Processing | Gift Cards
- Payment Card Processing | Loyalty Cards
- Payment Card Processing | Verifone Gateway
- Freight and Shipping Tools
- General Ledger Transactions
- Point of Sale
- Point of Sale | Point of Sale Hardware
- Point of Sale | Xpress POS System
- Point of Sale | Advanced Tools
- Signature Capture
- Salesperson Commissions
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Inventory
- Product Catalog
- Product Catalog | Using Product Codes for No Count Items
- Product Pricing
- Product Pricing | Special Pricing
- Tracking Counts
- Unit of Measure
- Purchasing
- Special Orders and Drop Shipped Items
- Receiving Product
- Barcodes
- MyInventory and Scanner
- Components (BOM) and Accessories
- Components (BOM) and Accessories | Component Formula Tool
- Made-to-Order Kitting
- Configure-to-Order Kitting
- Multiple Inventory Locations
- Multiple Inventory Locations | Creating Locations
- Multiple Inventory Locations | Using Multiple Locations
- Multiple Inventory Locations | Product Catalog Sync
- Multi-Vendor Catalog
- Serialized Items
- Serialized Items | Purchasing or Manufacturing an Item
- Serialized Items | Selling and/or Associating an item with a customer
- Lots
- Product Attributes
- Product Attributes | Selling and Purchasing Items with Attributes
- Product Attributes | Custom Attributes
- Mobile Scanner (Legacy)
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Labor
- Getting Started
- Workers
- Taxes and Deductions
- Work Codes
- Time and Attendance
- Time and Attendance | Time Track App
- Processing Payroll
- Closing the Payroll Year
- Processing Payroll - Advanced
- Salaried Pay
- Piecework Pay
- Direct Deposit
- 3rd Party Payroll Service
- Subcontract Workers
- Flag Pay
- Prevailing Wages
- MyDispatch
- MyTasks
- MyTime
- MyTime | Communications
- MyTime | Setup
- Tasks
- Tasks | Getting Started
- Tasks | Creating Tasks
- Tasks | Scheduling Tasks
- Tasks | Customizing Task Views
- Tasks | Managing Tasks
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Financials
- Introduction
- Fiscal Year
- Chart of Accounts
- Budget
- Financial Reporting
- Transactions and Journals
- Transactions and Journals | Journals
- Account Reconciliation
- 1099
- Departments and Profit Centers
- Fund Accounts
- Bank Accounts
- Bank Feed
- Vendors
- Vendors | Miscellaneous Vendors
- Purchase Orders
- Expense Invoices
- Vendor Payments
- AP Transactions
- Landed Cost
- Fixed Assets and Depreciation
- Fixed Assets and Depreciation | Fixed Assets
- Fixed Assets and Depreciation | Fixed Assets | Adding Assets
- Fixed Assets and Depreciation | Processing Depreciation
- Fixed Assets and Depreciation | Disposing Assets
- MyJobs
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E-commerce
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Rental
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Job Costing
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Manufacturing
Pricing Overview
Inventory can be priced in a variety of ways. Pricing formulas can be set within each inventory product record. It is possible to have a variety of pricing structures within the EBMS Product Catalog. EBMS includes many options to maintain pricing updates, make default pricing based on product groups, a variety of pricing formulas, and utilities to globally change prices.
The first place to look is the Pricing tab on a product record. This article explores the pricing options provided in EBMS.
EBMS Pricing Options and Tools
Tools that are used to maintain pricing:
Set default pricing for each folder group. Review the following Default Pricing and Price Levels section for more details.
The system supports an unlimited number of price levels. Each customer is associated with a default price level. Review the Default Pricing and Price Levels section for more details.
Flexible rounding functions to calculate a rounded price. Review the following Rounding Calculated Prices section for more details.
Pricing can be calculated based on user defined options or components. Review the Option and Kit Pricing section for more details.
Pricing and formulas can be globally changed based on manufacturer or product group. Review the following Changing Pricing within a Group of Items section for more details.
The optional Special Pricing module offers some additional pricing tools:
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Set promotional pricing based on a date range. Review the Promotional Prices Based on Date section.
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Calculate pricing discounts based on the counts or volume. Review the Volume Discounts and Bracketed Pricing section for more details.
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Set a fixed price for a customer for a specific item or group or item. This setting would override any pricing within the price level associated with a customer.
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Apply multiple price levels for a customer or group of customers. For example, a customer may be given Level A pricing for all items but a specific grouping which would be calculated at price Level B. Review the Special Pricing for Customers section.
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Pricing can be set for individual serialized items. Review the Pricing Serialized Items section for more details.
Pricing can be calculated from the individual costs of special order items. Review the Generic Special Order Items section of this manual for more details.
Optional function to change pricing when costs or list prices change. Review the Price Formulas.
Pricing can be calculated based on a percentage using the inventory Percentage Price Classification. Review Percentage Pricing for more details on this classification.
Pricing Formulas
Pricing can be calculated using any of the following formulas:
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Markup or Margin calculations from the cost of the item. Review Updating Costs to Calculate Prices to view the multiple ways to update costs. EBMS gives the user an option to calculate pricing based on a margin or markup calculation. Various price level formulas will use this global setting. Review Price Formulas for markup and margin setting details.
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Markup or Margin formulas calculated from a list price or jobber price.
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A base price can be marked up from a user-defined cost. The price levels are then calculated from the base price.
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Pricing markup percentages based on the cost or base price of the item. For example, a $2 item would have a much higher markup than a $200 item.
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Manually setting the pricing for individual price levels.
Review the following Price Formula section for more details on each of these formula options. Prices can be discounted in subsequent invoice detail lines by using the inventory Percentage Discount Classification. Review the Percentage Discounts.