Price Lists
A Price List is a collection of Item Prices either Selling, Buying, or both.
iVendNext lets you maintain multiple Selling and Buying Item Prices using Price Lists.
Price Lists can be used in scenarios where you have different prices for different zones (based on the shipping costs), for different currencies, etc. An Item can have multiple prices based on customer, currency, region, shipping cost, etc, which can be stored as different rate plans.
iVendNext treats all the Item Prices differently and hence are stored separately. Buying Price for an item is different from Selling Price and thus they're stored separately.
1. How to access the Price List
There are multiple ways you can access a Price List.
Via Buying Menu
Navigate to: Home > Buying. Under the Items and Pricing section click on the Price List shortcut. This should take you to the Price List View screen.
Via Selling Menu
Navigate to: Home > Selling. Under the Items and Pricing section click on the Price List shortcut. This should take you to the Price List View screen.
Via Stock Menu
Navigate to: Home > Stock. Under the Items Catelog section click on the Price List shortcut. This should take you to the Price List View screen.
Via Retail Menu
Navigate to: Home > Retail. Under the Items and Pricing section click on the Price List shortcut. This should take you to the Price List View screen.
2. Price List Features
Price Lists will be used when creating an Item Price to track selling or buying price of an item.
Specific countries can be assigned in the Price List.
To disable specific Price List, untick the 'Enabled' checkbox. Disabled Price List will not be available for selection in the Sales and Purchase transactions.
Price Not UOM Dependent:
Consider an item, Tomatoes which you buy in Boxes and sell in Kilos. 1 Box = 10 Kilos and 1 Kilo buying price is 10 USD. If this Box is unchecked and you select 1 Box in your transaction, the price will show up only for a Kilo since that's the only Item Price saved. Now, if you tick this checkbox and make a transaction with a Box of Tomatoes, then the price will be automatically set as 100 USD since the price of 1 Box (10 Kilos) is 100 USD.
Standard Buying and Selling Price Lists are created by default.
3. Selecting the Price List
You can create multiple Price Lists for one Item in iVendNext to track Selling and Buying Price of an Item separately. Also if the Item's selling prices change based on the Territory or due to other criteria, you can create multiple Selling Price Lists for it.
On selection of Price List, its currency and applicability whether for selling/buying or both will be fetched as well. To have Item Price fetching in the sales or purchase transaction, you should have 'Price List' selected in the transaction under Currency and Price List.
To check all Item Prices together, go to: Stock > Stock Reports > Item Price Stock
Visit the Item Price page to know more.
4. Steps to create an Item Price
The steps to create an Item Price are explained below:
There are multiple ways to reach a new Item Price form:
Via Stock Menu
Navigate to: Home > Stock. Under the Items Catalog section click on the Item Price shortcut.
Via Buying Menu
Navigate to: Home > Buying. Under the Items and Pricing section click on the Item Price shortcut.
Via Selling Menu
Navigate to: Home > Selling. Under the Items and Pricing section click on the Item Price shortcut.
Select an Item. The name, UoM and description will be fetched automatically.
Select the Price List whether Selling Price/Buying Price or any other custom price list you may have created.
Enter the actual rate in the Rate field.
Click on the Save button to save the changes and exit the screen.
5. Attaching a Price List to a Customer in iVendNext
If you have multiple Price Lists, you can select a Price List and tag it to a Customer (so that it is auto-selected). Your Item Prices will automatically be updated from the Price List.
