Manually Setting Prices

Despite the convenience of automated pricing formulas, sometimes it is best to manually enter prices. This can be done for one or many different inventory items. The following window gives an example of setting manual pricing:

In the Pricing tab of a product record, set Formula to (None) within the table 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. This is the best option to use when you want a set price but still want the rounding options to apply. See Rounding Calculated Prices for more details.

The Margin or Markup field and the Base Price field do not affect prices when prices are manually entered. Because those fields will not change anything, it is not necessary to blank these fields.

The major disadvantage of using manual pricing is that the price level for each Unit of Measure (UOM) setting must be manually set. The 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 at the point of sale. Review the Setting Security for a Tab, Entry Field, Button or Process section of the main documentation.