Change Item Prices

Related topics

Set up sales price level names

Set up a default sales price level calculation

Set up a sales price level calculation for a specific item

Set up an inventory item

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 maintain item prices overview

Read the inventory setup overview

You change item prices by typing in a price on the Maintain Inventory Items window.

Note: You can also use the Maintain Item Prices window to change sales and billing prices for a single item, a range of items, or all inventory items. (Sage 50 Premium Accounting and higher)

Manually Changing Item Prices

The following procedures are for manually changing item prices in all Sage 50 products.

  1. Click the Inventory Items navigation aid on the Inventory & Services Navigation Center and select View and Edit Inventory Items.
  2. Select the item that has the prices you want to change and click Open.
  3. On the General tab of the Maintain Inventory Items screen, select the arrow button next to the item's sales price.

    4. Sales Price Level 1 Example

    The Multiple Price Levels window is displayed.

  4. Type over existing prices with the changes you want to make.

    5. Note: You can also adjust price level calculations. Click the Edit button to display the Calculate Price Levels window. (Sage 50 Premium Accounting and higher)

  5. Click OK to accept the new price levels, or select the Cancel button to reset the prices to the beginning levels.

Calculating New Item Prices (Sage 50 Premium Accounting and higher)

You can have up to ten price levels for each item. You can change a group of item prices or price levels, using the Maintain Item Prices window.

  1. From the Maintain menu, select Item Prices. The Maintain Item Prices (Filter Selection) window is displayed.
  2. Enter or select a range of items that you want to adjust. When finished, click OK. The Maintain Item Prices window is displayed.
  3. Select each price level that you want to recalculate.
  4. Select the method of adjustment:
    • 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 parameters you choose here.

      • Place a checkmark in the Select box of the items you want to recalculate prices for. To change the group of listed items, click the Select (Items) toolbar button.

  5. To adjust item prices based on the options selected, select the Recalculate toolbar button.
  6. Enter or change item prices manually in the New Price field, if desired.
  7. To print a report of your proposed price adjustments, click Print.

  8. To record your price adjustments, click Save. When finished, close the window.

    All new sales transactions will use the new item prices.