Set up price groups

Price Groups enable you to assign the same pricing structure to a group of selected products.

Create, edit, and delete Price Groups from File>Product>Price Group, and then assign a product to a Price Group on the Main tab of the Setup page on the Product Master. These procedures are all described below.

You can also edit specific pricing information for the group through the Price Matrix Master: See What are price matrices?

To create a price group

1. Go to File > Product > Price Group.
2. Click New.

   

3. In the Price Group box, type an alphanumeric label of up to 12 characters for the new price group, and then press the Tab key.
4. In the Description box, type a user friendly description of the price group, using up to 31 characters.
5. In the Major Group box, click and choose the parent price group. For more information, see Work with major product groups.
6. If you want to round pricing, then in the Price Rounding DecimalRounds to the nearest decimal on the extended price of the products assigned to the price group. If the Price Rounding Decimal is set to "99," and the extended value of a price on a sales order is $5.75, then the value will be rounded up to $5.99. Note that this setting always rounds up, except for when "0" is entered. When 0 is entered, the value will round up or down to zero depending on the extended value of a product (less than .50 or less rounds down; .51 or more rounds up) box, type the price to which you want to round up the sales price.
7. Type the Minimum G/P PercentThe minimum gross profit percent for products assigned to this price group. If you leave this value blank, then Inform uses the default Minimum GP% from the Company Master. If an item is added to an order with a lower GP%, then it is added with the message "Below Minimum Gross Profit." acceptable for products that belong to this price group. If you do not set this amount, then the default is used from Minimum GP% in the File>Company>Master. Products on an order that do not meet the minimum will display the message "Below Minimum Gross Profit."
8. Click Save.

To assign a price group to a product

1. Go to File > Product > Master.
2. In the Product box, type or search for the Product to which you want to a assign a Price Group.
3. Click Edit.

   

4. In the Price Group box, click and then choose the product line to which the product belongs.
5. Click Save.

   Tip: You may also bulk assign price groups to products using Mass Changes. See Update data in bulk using mass change

To update a price group

1. Go to File > Product > Price Group.
2. In the Price Group box, type or search for the price group you want to edit. Press the Tab key.
3. Click Edit.

   

4. Modify the properties of the price group, as described in To create a price group, above.

To delete a price group

1. Edit a price group as described above.

   

2. Click Delete.
3. On the Confirmation message that appears, click OK.

   

To view available price groups

1. Go to File > Product > Price Group.
2. Click Report.

   

3. On the Field Selection pop-up that appears, you can choose which fields appear. Drag the fields into the Print Order area, and then click OK.
4. On the Print Document pop-up, click View.