Price Categories

The basic method for pricing a product is by use of a price category. When you establish your system you may define up to six separate price categories. Whilst these categories may have any name that you desire the system requires that the last category you use will contain the cost price of the product for purposes of cost of sales. Further to this you may optionally specify a second price that is to be used as the supplier invoice or purchase price. This facility allows you to emulate supplier rebates and other discounts that cause your actual cost of sales to vary from the purchase price on supplier invoices. To specify the number of prices in use (and hence which price will be the cost price) and to specify a Purchase (supplier invoice) price use the company facility. To describe the prices being used use the Pulldown List utility.

Once your price categories are defined you can enter a price for each category against each product. Likewise you can select a category to be used for pricing of each customer. To illustrate assume we have a product named DingBats and that prices are defined as follows:

Category	Price	Usage
List	$6.30	Suppliers recommended list price (100% on cost)
Retail	$5.95	Current market retail price
Trade	$5.14	Tradesman's discounted price (20% off list)
Wholesale	$4.41	Wholesale (to reseller) price (Cost plus 40%)
Purchase	$3.50	Suppliers list cost price (Invoice cost)
Cost	$3.15	Actual cost of purchase (10% rebate off Invoice cost)

Having established these prices we can now select one of these prices as the default price for a customer. If we establish that cash sales (made to the default [.] miscellaneous cash sales customer) will be charged at retail price we need only modify the default dot [.] customer record to use "Retail" as its price category. Then if we have "The Big Wholesale Warehouse" as another customer we may establish their category as "Wholesale". If we wish to make internal sales to staff at cost price we could even set staff customer records to use "Cost" as their price category although to do so would require a security level sufficient to access such a price.