Automatically Change Price and Cost of Items

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Use this procedure to automatically update the price and/or standard cost for items. This can be performed for a range of item codes and for all or a selected group of product lines, price codes, and primary vendor numbers.

Note If you are using the Standard Cost valuation method, you must use Standard Cost Adjustment Entry to change the cost of the item.
 

To change price and cost

  1. Select Inventory Management Utilities menu > Automatic Cost and Price Change.

  2. To change the standard cost:

  3. In the Cost Change Method field, select the method to use to adjust the cost.

  4. If you selected the Amount or Percentage method, enter an amount or percentage in the Cost Change Amount or Cost Change Rate field.

For more information, see Automatic Cost and Price Change - Fields.
  1. To change the standard or retail price:

  2. In the Price Change Method field, select the method to use to adjust the price.

  3. Depending on the method that you selected, enter an amount or percentage in the Price Change Amount or Price Change Rate field.

  4. In the Price Type to Change field, select either Standard, Retail, or Both.

  1. In the Operand and Value fields, select a range of items, product lines, price codes, and primary vendor numbers.

  2. Click Proceed. A message asks if you want to print the Automatic Cost Price Change Report.

  3. Click Yes to print the Automatic Cost Price Change Report and update the information to the Item file.

The price and cost of items selected are automatically changed.