Advanced Price Lists
Advanced Price Lists - Need to know
You can preset a price list on a customer master. Subsequent transactions inherit and apply pricing to line items.
Advanced Price Lists enable you to specify:
Price Lists for ‘trading partners’ i.e. Customers, Suppliers* or both
Price Lists for any given Currency
‘Global’ price discounts i.e. 10% off every Item
Global and Item specific quantity discounts
Pricing formulas based upon Item, Classification, Customer, etc.
*You can apply a Price List to a Supplier’s Price List. You’d probably use this to manipulate supplier catalog prices.
Advanced Price Lists supersedes ‘Price Levels’, ‘Price Lists’ and the ‘Price Break’ Plugin. This legacy functionality will remain in the system until its users have transitioned to Advanced Price Lists.
Price List considerations
There are multiple considerations when you specify a Price List:
Where will it be applied? On Sales or Purchasing Documents, or both?
How will it be presented on Documents?
the normal unit price is displayed as a reduced figure,
OR
the discount value i.e. -10% is displayed in a column on the same row as the discounted Item.
Which parameters(s) trigger its application?
Specific Item
Specific Item Tag(s)
Specific Item Class
Specific Customer or Supplier
Specific Customer or Supplier Class
Qty of Items quoted or Ordered
What calculation is applied?
For example,
10% off all Items for this Customer, 30% off if the quantity of this Item exceeds 1000.
What Currency are the Prices?
Advanced Price List settings
Products/Services>Advanced Price Lists>+
Advanced Price List Details tab
| Field | Purpose |
|---|---|
Name | A short name, to identify the Price List on; Customer and Supplier masters, and transaction Documents. |
Description | A summary of the Price List, what is done, and where it is used. |
Currency | The Currency of values/amounts used in the Pricing Table. |
Use as default for Customers | When checked presets this Price List on all new Customers. |
Apply to | It can be applied to Customer, Supplier or both. |
Customer Discount Method | Controls how the result of this price list is displayed in the Line Item table. Discount = show discount in the discount column on the Line Item table. Unit Price = the value in the Unit price column shows the net result. |
Exclude Items not in Pricing Table | When unchecked apply this rule to all Items. When checked, apply this rule to only the Items selected in the Pricing Table. |
General Price Discount | A simple discount i.e. 10.5%. A matching rule in the Pricing table will take precedence over the Discount stated here. |
Price Formula on Item | A formula to express how the pricing is calculated and applied. |
Pricing Table tab
| Column | Purpose |
|---|---|
Item | Select an Item to which the rule you set in this row will apply. |
Item Tag | Select one or more Item Tags to which the rule you set in this row will apply. |
Item Class | Select an Item Class to which the rule you set in this row will apply |
Customer | Select a Customer to which the rule you set in this row will apply |
Customer Class | Select a Customer Class to which the rule you set in this row will apply |
Base Cost | Set the Base cost for the Item selected in this row |
Base Price | Set the Base price for the Item selected in this row |
Actual Price / Discount | A number to represent a Price i.e. 1.65 or a percentage to represent a discount. |
Price Formula | See below, ‘Pricing Formulas’ |
Pricing Table Automation
The Pricing table is intelligent. Based upon which combination of columns within which you select a value, other columns will be enabled/disabled to ensure the pricing rule is practical.
Pricing Formula syntax
Formulae are always in square brackets. The formulae have a specific format to express:
prices based upon cost i.e. [C+10%], cost plus ten percent
prices based upon quantity price breaks i.e. [10-20:5%], buy ten or any number up to and including 20 then discount by 5%.
A series of price breaks would be annotated as follows:
[10-20:5%][21-30:10%][31-:15%]1
You can specify a discount on a single case i.e. [31-:15%] represents a 15% discount on a quantity greater than 31
A price can be specified in three ways:
Absolute i.e. 34.03
Percentage i.e. 20% of the base price
Calculated from cost i.e. C+20% (cost plus 20cat%)
Base Price List(s)
Advanced Price Lists>Action bar>Show Base Price Lists
Examples
10% Discount off all Items on Sales Documents
This example just uses settings on the Advanced Price List Details tab.
| Field | Value |
|---|---|
Name | -10% |
Description | 10% of all Items (Sales) |
Currency | Base or any currency. The Price rules in this new Advanced Price List use this in their calculation. |
Use as default for Customers | When checked presets this Price List on all new Customers. |
Apply to | Customer |
Customer Discount Method | Controls how the result of this price list is displayed in the Line Item table. Discount = show a discount in the discount column on the Line Item table. Unit Price = the value in the Unit price column shows the net result. |
Exclude Items, not in Pricing Table | When unchecked apply this rule to all Items. When checked, apply this rule to only the Items selected in the Pricing Table. |
General Price Discount | 10% |
Price Formula on Item | n/a |
Discount Items with the Item Tag ‘Chandeliers by ‘10%
This example uses the Pricing table
| Column | Setting |
|---|---|
Item | |
Item Tag | Chandeliers |
Item Class | |
Customer | |
Customer Class | |
Base Cost | |
Base Price | |
Actual Price/Discount | 10% |
Price Formula |
Discount 15% for all VIP Customers
| Column | Setting |
|---|---|
Item | |
Item Tag | |
Item Class | |
Customer | |
Customer Class | VIP |
Base Cost | |
Base Price | |
Actual Price/Discount | 15% |
Price Formula |
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