Price/Cost
Update Price/Cost
UpdateUse this program to update price and cost information for a sales item by entering a freight factor percentage and updating the item's unit of measure, if applicable.
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Access this screen by entering a sales item number on the Price/Cost Update - Launch screen. Enter the freight factor percentage you want to use to adjust the item's list price, and enter the date on which this adjustment becomes effective, once Run Price/Cost Update has been run. If applicable, change the item's unit of measure, and that change affects the cost and prices, provided the new unit of measure has quantity information associated with it.
If you need to update the item's description, stock status code, PME code, and pricing information beyond the list price, press F2 to open all other fields for editing.
Price/Cost Update
Displays the item number you want to add, change, or inquire on.
Displays the stock classCode used to categorize sales items for analysis and reporting. You may choose to make the stock class a subset of the vendor code. associated with the item number.
If applicable, change the item's description. The new description is updated in the sales item master file and sales item location file when you perform the Run Price/Cost Update program.
Displays the text that you can use to search for this item on inquiry screens.
Displays NS if this sales item is considered a non-stock item that is not included on reorder reports and physical inventory count sheets. Use the Default Codes program in Cross Application Maintenance to set up additional user-defined stock status codes using code SS.
Displays the code that represents the type of sales item. Valid codes are:
P - Part
M - Merchandise
E - Equipment
Displays the manufacturer's item number assigned to this sales item.
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Enter the date at which the price and cost changes become effective. Cost and price information is updated in the sales item master file and sales item location file when you perform the Run Price/Cost Update program.
Enter the percentage to multiply against the item's list price to arrive at the Adjusted list price. This percentage factors in the amount it costs to have the item shipped from the vendor. If any of the item's prices are calculated from list, they are affected as well.
Enter or accept the unit of measure to use for cost and price calculations.
Enter or accept the last or most current cost of this sales item. This field is automatically updated when the item is received against a purchase order in the system.
Enter or accept the code for the currency in which all monetary amounts on this screen are displayed/entered.
Enter the manufacturer's suggested list price for the item. This amount is not used for invoicing; it may be used for calculation of cost or selling price based on the codes assigned for auto calculations.
Displays the calculated adjusted list price, which is the Freight factor multiplied by the List price.
Displays the retail price normally charged for this item. In the event there are no discounts or other pricing codes assigned for the transaction, this is the price the system uses when this item is being sold.
See Sales
Item Maintenance for descriptions of the rest of the fields on the
screen.
|
Function Key |
Description |
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F1 |
Help. Place your cursor in a field and press F1 to access online help for that field. Place your cursor outside of any field, and press F1 to access online help at the program level. |
|
F2 |
Update Toggle. Open most of the fields for update. |
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F3 |
Exit. Exit the page or program. |
|
F12 |
Cancel/Previous. Exit the program or move back a screen. |
Update Items from Vendor Price List
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