Available in Sage 50 Premium Accounting and higher.

How To Set Up Item Prices

1. From the Maintain menu, select Item Prices.
2. Use the filter screen to select the items whose prices you want to adjust. The filters allow you to select one item, a range of items, or all items.
3. Click OK..
4. The items that met the filter criteria are shown in the list at the bottom of the screen. If you decide that you don't want to change the price for a particular item, simply uncheck the Select box. Price adjustments will only be made for items that are selected.

   If you want to choose a different group of items, click the Select toolbar button and change your filter selections.

5. Select the price levels you want to adjust.
6. Select how you want to adjust the price levels.

What do these adjustments mean?

• Level's current calculation and new cost information: If this option is chosen, selected price levels and items that use cost or level one in calculating the price are recalculated based on the current cost or the updated level-one price. Recalculations using this option first look at any item-level calculations you have set up (in Maintain Inventory Items); if there are no item-level calculations, default-level calculations (set up in Inventory Item Defaults) are used.

  If price level one is selected as a level to adjust, the value for price level one is recalculated first and new prices for the fields that reference level one are then recalculated.

• Level's default calculation: If this option is chosen, each price level and item selected are recalculated using the calculation in Inventory Item Defaults. Any customized calculations you may have set up for individual items (in Maintain Inventory Items) are overridden.
• Calculation selected below: If this option is chosen, any existing calculations for the selected price levels and items are overridden, based on the new calculation parameters you choose here.
7. To adjust item prices based on the options selected, select the Recalculate toolbar button.

   Note: This allows you to see what the prices will be based on the options you've selected. The prices are not actually changed until you click Save.

8. You can enter or change item prices manually in the New Price field, if you want to.
9. If you want to print a report of your proposed price adjustments, select the Print button.
10. To record your price adjustments, click Save. When finished, close the window.

All new sales transactions will use the new item prices. Existing sales transactions will not be affected.