Special pricing options include both Net and Formula-based pricing, with tools for calculating percent increases and accommodating rebate costs. Contract pricing applies only to the customers listed under the contract.
Note: If your company is using Cost by Warehouse, the pricing you see corresponds with the default warehouse for the branch that you are currently logged in to.
- With the price contract open, click the Pricing button. (Sales>Pricing>Price Contract: open contract)
- On the Net Pricing Page that appears, click Edit.
- For each product you want to assign pricing, click the Add New Pricing Detail button, and then complete the following information, as it applies:
- Product: Search for the product to which you want to assign pricing.
- Description, UOM, and Current Cost: This information is pulled from the product master and appears once you enter your product.
- Net Price: Type the price that the customer (or the majority of customers under the contract) will pay.
- GP%: If you want to set a required gross profit percent on the product, type it into this box. The Net Price box will update with the amount required to meet that gross profit percent.
- Rebate Cost: If the vendor is offering you rebates on products sold, you can type that rebate amount here. For example, if your vendor cost is $100. but you may receive a $10 rebate from the vendor after a sales, then the Rebate Cost is $90.
- Loaded Cost: If you use a loaded cost for your salesmen, you may want to load the rebate cost on your contracts as well. This loaded rebate cost will be carried through Sales Orders, Invoices and Salesman Commissions. See Apply loaded rebate costs.
- If different than the contract, set the Effective Date and the Expiration Date for the pricing. If the same as the contract, leave these columns blank.
- Contract Qty: The minimum or maximum quantity set by the vendor. The value can be included in the Vendor Rebate Report, but is not used validated against actual quantities entered.
- Mfg Number: The manufacturer's number, if available; pulled from the Product Master.
If you need to enter a price formula for the item rather than a net price, right-click on the product, and then click Inquire.
In the Price Matrix pop-up that appears, Create a price formula in the matrix for this product. Rather than the actual dollar amount of the Net Price, this column will display the price formula:
Note on price overrides: If you want to override a product's pricing for a specific customer, then right-click the product and choose Customer Price Overrides. On the Customer Price Overrides pop-up that appears, choose the customer, special price, and effective dates for each customer who will receive alternate pricing. Then, click Save. These customers will be charged the alternate price for products rather than the contract price
Products that have Customer Price Overrides are then highlighted in yellow.
You can now: