Product Pricing

Manually Setting Prices

Manually Setting Prices

Many times, it may be most desirable to manually enter each price. This can be done for one or many different inventory items. The following window gives an example of setting manual pricing:

Set the price Formula to (None) to manually enter a price in the Price column. If the price Formula is set to any other option, the price column is calculated automatically and this amount cannot be edited directly.

The Is $_____ formula will accomplish the same results as the (None) formula except that rounding may apply.

The Margin/Markup field and the Base Price field have no effect when the prices are manually entered. It is not necessary to blank these fields.

The major disadvantage of using manual pricing is that each price level for each UOM setting must be manually set.   A recommended method to control pricing is to manually set the Base Price and use the available formulas to alter the Base Price.  The combination of the correct formula and properly set rounding settings can simplify the job of maintaining manual pricing. Review the Rounding Calculated Prices section for more details on rounding options

Prices can also be manually set or changed within the sales invoice. Set the appropriate security settings if the user should be banned from changing pricing during the point-of-sale. Review the Getting Started > Security > Setting Security for a Tab, Entry Field, Button or Process section of the main documentation.