Price Categories can be changed by clicking on the Options menu tab in the top menu bar
Then: Customization/Setup, l ookup Section Setup, then Price Categories.
Price Categories
The Price Categories function provides the means for setting up a virtually unlimited
number of central stock code pricing structures (i.e., for wholesale items and resale items). Once these categories are set up you can select a default pricing category and you can assign stock codes to them. When the pricing structure of your stock codes change, you make the changes here to globally update all stock codes assigned to the price category rather than changing each stock code individually.
NOTE: Only price categories created using this function appear in the Price Category
drop-down list box. Any price categories entered directly into the Price Category field are not added to the list.
Create A Price Category:
♦ To create a new price category, click the button on the navigation control and then
click on the empty Category field provided. Type in the name of the price category.
♦ Select the appropriate options and enter the percentages and discount descriptions in the
fields provided.
♦ Click the button to save your price category.
Edit A Price Category:
♦ To edit a price category, click on the name and type the new name.
♦ Change the options, percentages, and discount descriptions as necessary.
♦ Click the button to save your changes.
Delete A Price Category:
♦ To delete a price category, highlight the price category to delete. (All stock codes
currently assigned to that price category are displayed under Associated Items on the Items tab.)
♦ Click the button to delete the highlighted price category.
♦ All stock codes that were assigned to the deleted price category are now unassigned.
The Price Category field for these items is blank. The Pricing tab for these items will
still have the corresponding settings, but there is no way to make global changes.
Pricing
The Pricing tab is used for setting up your price categories and consists of: Category, List
Price Method and Percentage, Sales Price Method and Percentage, Discount 1, Discount 2,
Discount 3, Discount 4, Discount 5, Update Option and Rounding, and Navigation Control.
The following are the pricing formulas used for the calculation of prices:
Percent Markup: Price = Cost + (Cost * (Percent/100))
Margin Markup: Price = (Cost / (1- (Percent/100)))
Percent Discount: Price = List - (List * (Percent/100)) or Sale - (Sale * (Percent/100))
TIP: Margin is the percentage of the final selling price that is profit. Markup is the
percentage of the cost added on to get the selling price. So, a selling price with a margin of 25% results in more profit than a selling price with a markup of 25%.
Category
The Category section contains a grid with a scroll bar for reviewing your price categories. The grid displays the name of each price category.