Available in Sage 50 Premium Accounting and higher.

Set Up a Calculated Default Price Level

Related topics

Set up sales price level names

Set up a sales price level calculation for a specific item

Set up an inventory item

Set up master stock and substock items

Set up an assembly item

Learn about creative uses for inventory items

Determine the current quantity of inventory items on hand

Delete an inventory item

Enter inventory beginning balances

Set up and use custom fields

Change an item ID

Change item sales prices

Perform other inventory tasks

Read the inventory item defaults overview

You can set default price calculations for each sales price level. (Sage 50 Premium Accounting and higher) Setting default price level calculations does not affect existing inventory items, only new items that you add. These calculations can be overridden at the inventory item level, if desired.

Click the Inventory Items navigation aid on the Inventory & Services Navigation Center and select Set Up Inventory Defaults. The Inventory Item Defaults window is displayed.
Select the Price Levels tab. Tell me more about price level names and how to set them up.
Select the price level that you want to set up a calculation for, and click the Edit button (to the far right).

Price Levels Edit button example

The Default Price Level Calculation window appears.

Calculate the new price using the options in the drop-down menus:

Use: Select a price level value on which to base the calculation. Select from Price Level One, last cost, current price, or no calculation. For no calculation, select this option in the Maintain Item Prices window to manually enter a price for that level. You can also leave the level blank and it will default to zero.
And: Select the type of mathematical formula you want the calculation to perform. Select from increase or decrease by amount (enter the specific amount in the next field), or increase or decrease by percent (enter the specific percent in the next field).
Round New Price to: Select a custom rounding operation for this calculation. Select from no rounding, round to specific cent (enter the cent value in the next field), or round to next whole dollar.

Click OK to accept the new calculation, or Cancel to reset the calculation to the beginning value.
If you are finished with your changes, click OK on the Inventory Item Defaults window. Select Edit button to change other price levels.