INVENTORY - Prices and Units Tab

Understanding Inventory Units of Measure / Levies / Pricing

       

Units of Measure

– option to establish more than one unit of measure, to be used in conjunction with purchasing, selling or tracking stock

• New Unit of Measure
  • click   New and the fields will open up to enter the following information:

• • Set Sales UOM - establishes this UOM as the default for all new Sales Orders (can be changed inside the order)
  • Set Purchase UOM - establishes this UOM as the default for all new Purchase Orders (can be changed inside the order)
  • enter the new Code of up to 10 characters, and Description
  • enter the Quantity Factor (conversion of this unit from the Stock Unit)
  • option to allow Fractional Quantities on a Sales Order or Purchase Order
  • enter checkmark under  Sell if this UOM is allowed to be selected in Sales Orders
  • enter checkmark under  Buy if this UOM is allowed to be selected in Purchase Orders
  • option to establish the warehouse Location for this unit of measure
  • option to establish the Weight for this unit of measure (used on pick/ship lists)
  • accept or change the Sell Price(s) for the new unit of measure in one of two ways in the Pricing section:
    • • select the Unit of Measure and manually enter the price (ie $150.00)
      • enter a Price Factor (12 is shown here) which will calculate from the Stock Unit of Measure Sell Price

• Set Default Unit of Measure in Edit > Company Settings > Inventory >Miscellaneous >

       

Levies

- if this Inventory Item attracts charges that need to be reported (ie: disposal fees)

• Levy setup:

        

   

• set a unique Code of up to 3 characters
• enter a Description
• assign the Amount by $ or %
• option to assign a Sales Tax Provider Code (see Avatax Integration)
• enter any Sales Tax Code that this Levy is exempt from (see Inventory - Sales Tax Exceptions)

Pricing  

set an unlimited number of Sell Prices per Inventory item and link them to your Customers 

             

• establish a new Sell Price
  
  • select from pre-set Price Levels (see Price Level setup below)                      
  • option to establish an Effective Date for this price
    
  • set the Sell Price in one of 3 ways:
    • enter the price in manually
    • use the  Set Margin - select a Cost basis then value for this Price calculation
    • use the  Set Markup - select a Cost basis then value for this Price calculation
  • once options described above are set, there is a further option to Adjust By % 
  • set Round Price to select the number of decimal places you want in this Price

• • link to your Customers - Customers > Addresses tab > Pricing sub-tab > Sell Price Level

                 

• • • if the Customer is assigned a foreign Currency, no need to assign a Sell Price Level, as Spire will automatically assign the correct Currency-assigned Sell Price Level (see Price Level setup below)
  • Edit existing Sell Prices by selecting the Price and click on  Change Price
    • also manage all Sell prices through the Inventory module :

• • • • select the Sell Price(s) you wish to change and click  Change Price (or double-click on the Sell Price line

                                   

• • • • • select Create New (using the selected Price(s) as a template) or Change Existing

             

• • • • • • create / change your Sell Price in one of 3 ways:
            • manually enter the Sell Price in the grid
            • use the  Set Margin - select a Cost basis then value for this Price calculation
            • use the  Set Markup - select a Cost basis then value for this Price calculation
          • once options described above are set, there is a further option to    Adjust By % 
          • set Round Price to select the number of decimal places you want in this Price
          • option to Remove Conflicts to ensure you are not creating duplicate prices

Price Levels

 

• setup a new Price Level

 

• establish  a unique Code

 

• assign a Description of choice
• assign the foreign Currency of the Customers this price will be used for (no need to                 assign this if it's a base currency price)
• establish if this is the Main price, whereby this price will load in a Sales Order if no other Price Level is chosen in the Sales Order, and if there are no other price or discount settings loading from the Price Matrix (you can establish one Main Price Level per currency)
• assign a unique Foreground and Background colour for display in these areas:

• • Price Levels List > Description column

• • Inventory > Selling Prices tab - Price Level Description column
  • Sales Order - Unit Price field

• • Prices and Units List Customization - see Inventory List Customization

 

for other pricing options, see also Price Matrix