Setting Up Price Levels
When you use the Advanced Pricing feature, you can create different price levels for selection on the sales order. Setting up multiple price levels gives you more flexibility to set different prices for different customers. It also improves performance significantly when you have a large number of items.
For example, you want to sell items to some customers at retail prices, but offer discount prices to other customers. Set up multiple price levels to sell items at a retail price, or give discounts of 5%, 10%, or 15% off retail pricing.
To create a new price level:
-
Go to Setup > Accounting > Accounting Lists > New (Administrator).
-
Click Price Level.
-
In the Price Level field, enter a name (up to 250 characters).
-
In the Pricing Method field, select either Cost+ or Markup/Discount.
-
For a Pricing Method of Cost+, in the Based On field, select either Cost for Pricing or Average Cost.
-
In the Percentage field, enter a positive number for a markup percentage or a negative number for a discount percentage.
Note:Any value you enter gets rounded to the nearest 0.01%.
-
To update all items using this price level, check the Update Existing Prices box.
When you create a new item record with this price level, the item price updates automatically.
Note:When using quantity pricing on an item record and a Cost+ price level, the system checks for a quantity price schedule. If there is no applicable quantity price schedule on the item, NetSuite will copy the quantity 0 price to all other quantity breaks by default.
-
(Optional) To make this your online price level, check the Online Price Level box.
-
(Optional) Check the Inactive box if you're not ready to make this price level available for selection.
-
After a record is marked inactive, it won't show up in NetSuite lists and popup windows. You can still see inactive records on list pages by checking the Show All box.
-
Clear the Inactive box if you want this price level to show up in lists.
-
Click Save.