Creating a Pricing Source
The Pricing Source is used to define how Price Levels in each Item Master are calculated. The Price Levels are assigned to each Customer and determine the selling price for parts on Point of Sale documents.
Pricing Sources are location specific. If you are a multi-location dealer, each location will have its own Pricing Source(s). Any addition of new Pricing Source(s) or changes to current Pricing Source(s) will need to be maintained in each location.
To navigate to the Pricing Source, go to:
Company > Location Support Lists > Pricing Sources
The Pricing Source List will open displaying the current Pricing Sources. To add a new Pricing Source, click the Add New button. To maintain a current Pricing Source, double click on the Pricing Source.
Step 1
Enter the header information on the Pricing Source.
When a new Pricing Source file is opened, all Price Levels default to Cost X150.00 %.
Each Price Level can be calculated by clicking the Dropdown and selecting the Price Level used to calculate the respective selling price. Some manufacturers will provide several price levels while others might provide List and Cost, List only, or Cost only. Using the Pricing Source will provide ways to calculate the various selling prices required.
Enter the price level that will correspond with the price level in the Item Master as shown below.
Enter percentages to apply to the Price Level to determine Selling Price at each price level.
You can assign a Minimum Margin Override on each price level except Cost. This can be added on top of the mark-up or as the main basis for the pricing.
Additional pricing matrixes can be applied using ranges of amounts for additional markup percentages and /or minimum dollar profit.
If an Item Matrix is created it is important to make sure your To Price does not equal the next level From Price as this will create issues with calculating the saleprice.
Usingthe same logic of the Item Matrix, a Core Matrix can be created to address any markup of Core Charges. Normally a single price range is used for Core Charges.
