8.9. Price Maintenance Menu
This menu leads to options that allow you to view stock prices, maintain your mark-up codes, re-apply mark-up codes and globally change your stock prices by product, group or supplier.
We will go through each menu option separately.
8.9.1. Stock Pricing Browser
Consistency is very important, especially in price lists. The stock price browser allows you to quickly flick through your stock items to check for accuracy and consistency.
When this option is selected the Stock Price Browser screen will be displayed.
Down the left-hand side of the screen you will see a list of your stock items. Press [Tab] if you wish the sequence to be in supplier code order if you have entered supplier codes in your stock records.
You will notice that as you move the highlight bar down the stock list the main screen changes to display the highlighted item's fields.
If you wish to edit any displayed field press [Enter] and the cursor will jump to the Average cost field. You can edit the mark-up code and all the figures displayed, but not the item code, description or group.
To save any changes made press [Enter] until you reach the bottom of the screen. The cursor will jump back to the stock list. If you don't wish to save your changes press [Esc].
To return to the Price Maintenance Menu press [Esc] from the stock list.
8.9.2. Maintain Mark-up Codes/Formulas
This option allows you to add, view, edit and delete your mark-up codes. These are used to automatically mark your stock up or down when new costs are entered, and to calculate your selling prices from user-defined formulas.
When this option is selected a list of mark-up codes will be displayed.
[Ins] allows you to add a new mark-up code.
[Enter] allows you to edit an existing mark-up code.
[Del] allows you to delete a mark-up code.
When you have finished maintaining your mark-up codes press [Esc] to return to the Price Maintenance Menu.
Note : For more information on how mark-up codes are entered and maintained refer to Editing Mark-up codes in this section of the manual.
8.9.3. Re-Apply Mark-up Codes
This option allows you to re-calculate all your selling prices for stock items that have mark-up codes. The whole stock file will be updated.
Note : Selling are usually re-calculated when stock is received with a new cost.
When this option is selected a screen will be displayed that allows you to re-apply all mark-up codes.
As you can imagine, depending on the length of your stock file this process may take some time. If you wish to proceed enter [Y]. When it has re-applied all the codes and re-calculated all the selling prices you will be returned to the Price Maintenance Menu.
8.9.4. Global Stock Price Adjustment
This option comes in very handy if you are issuing a new price list and wish to change the cost or selling prices of a range of stock items.
When this option is selected a screen will be displayed that allows you to tailor the items to be adjusted and the amount of the adjustment.
Adjust Stock pricing by You can adjust stock by Product, Group or Supplier. To select use the right arrow key.
From ... To Equity automatically enters the first and last item in the relevant list. You can accept these defaults if you want every item to be adjusted or you can overwrite the defaults if you wish only a selection of items to be adjusted. You can use the [F2] key to pop-up lists to select from.
You are then able to define what costs and/or selling prices are to be effected and by what percentage. If you wish to adjust a cost or selling price enter [Y]. You can then specify whether the adjustment is up or down and by what percentage.
Round Calculated prices You can elect to round the calculated prices up to the nearest dollar or cent amount.
Proceed with update This field defaults to 'No'. If you wish to proceed with the adjustment enter [Y] and press [Enter].
Note : Depending on the number of Stock items selected this process may take some time.