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Select Inventory Management Setup menu > Price Code Maintenance.

Use Price Code Maintenance to set up price codes and schedules based on a specified markup or discount method, as well as quantity price breaks. Price codes can be assigned to any number of items in inventory. You can also set up a default price code in Product Line Maintenance.

When an item number is entered in Transaction Entry, the price is automatically calculated based on the price code and the quantity entered. When an item number is entered in Sales Order Entry, the price level specified in the Accounts Receivable Customer file is used. Prices for items not assigned a price code are based on the standard price for the item.

When the Inventory Management module is used with the Sales Order and Accounts Receivable modules, Price Code Maintenance can be used to establish pricing for different groups of customers. You can establish customer price levels within each price code and enter the corresponding customer price levels in the Accounts Receivable Customer file.

Price Code Maintenance allows you to create a unique pricing structure. If you do not want to use price codes for quantity break pricing, you can skip Price Code Maintenance. If you require quantity break pricing for specific items, this information can be entered for individual items in Item Maintenance, or for individual customers in Customer Maintenance.

Note By default, when applying quantity price breaks for sales orders and Sales Order invoices, the quantity-based reduction is applied to the unit price on a line based on the ordered quantity for that line only. However, by making a selection in the (Item Pricing by Total Quantity) Enable Based On field in Sales Order Options, you can elect to use the ordered quantity for all lines, the ordered quantity for all items that belong to the same product line, or the ordered quantity for all items with the same item category value.

You can print the Price Code Maintenance Listing from this window.

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