Introduction to the Pricing Module

Standard ERP contains a powerful set of features that you can use to calculate and maintain the prices of the goods and services that you offer to your Customers. Most of these features are located in the Pricing module.

When you sell an Item to a Customer, the price can be determined by some or all of the following factors:

  • The Base Price of the Item. This is the standard sales price of the Item.

  • The Item Formula in the Item record. If an Item has an Item Formula, its sales price will be a calculated figure based on the other Items in the sale. Examples are insurance, maintenance fees and delivery.

  • The Price List that you have assigned to the Customer. You can have the prices in a Price List calculated using different formulae, and you can update prices periodically. You can have Price Lists in different Currencies, in which case the calculation of prices will include Currency conversion using the latest Exchange Rate.

    A Price List can belong to one of two basic types. A "Discount" Price List will contain a single price for each Item, while a "Qty Dep Values" Price List allows you to charge different prices for each Item depending on the quantity purchased by the Customer.

  • The Discount Matrix that you have assigned to the Customer. Discount Matrices allow you to offer discounts on each Item depending on the quantity purchased by the Customer.

  • The Multi-buy Discount that you have assigned to any of the Items purchased by the Customer. A "Multi-buy Discount" is a discount offered on the price of one Item that depends on the purchase of another. Examples are "Buy one get one free" and "Buy any three Items from a selection for a fixed price" offers.

The Pricing module in Standard ERP:

Go back to: