Available in Sage 50 Premium Accounting and higher.

Default Price Level Calculation

Related topics

Change item sales prices

Set up an inventory item

Set up master stock and substock items

Set up an assembly item

Determine the current quantity of inventory items on hand

Delete an inventory item

Change an item ID

Perform other inventory tasks

Read the inventory setup overview

Sage 50 allows you to set up default pricing-level calculations in Inventory Item Defaults that will be available on every new inventory item you enter. (Existing items and their prices are not affected.) The calculations you set up act as templates or models and should contain commonly used pricing values. Creating default price level calculations saves you time and effort. Later, when you select a pricing level for inventory items (in the Maintain Inventory Items window), you can simply select the appropriate pricing level, and you're done.

To access the Default Price Level Calculation window, do the following:

From the Maintain menu, select Default Information, and choose Inventory Items. In the Inventory Item Defaults window, select the Price Levels tab, and click the Edit button next to each price level that you have defined.

In the Default Price Level Calculation window, you can set up a default calculation for a specific price level. Initially, the calculation is set to “No Calculation.” You can set up a calculation based on Last Cost or Price Level One. The calculation can be increased or decreased by an amount or a percentage of the base price. In addition, you can round the price to either a specific cent or the next dollar amount.