What are the various types of Price Level?
Use the Price Level Master to create new price levels. By default, three price levels (Whole sale, Semi-whole sale and Seasonal) are provided. You can create a maximum of 25 price levels including the default price levels. Out of the 25 price levels, one price level must be created as the BASE and the remaining 24 price levels will depend on this BASE price level. All price levels created in Price Level Master will be applied to all the items in the billing screen.
Price Level types
To work with price levels in Price level master, you need to create two types of price levels
- BASE price level - It is a price level which stands on its own and all other price levels depend on this price level.
- Non-base price level - depends on the BASE price level and works according to the price type defined in the BASE price level.
Price Level Master screen
Fields Explanation
| Fields |
Base Price Level |
Non-Base Price Level |
| Name |
Enter the name |
Enter the name |
| Description |
Enter the Description |
Enter the Description |
| Type |
Not Applicable |
Press F2 to select from the following options- Perc - To give the price level in percentage |
| Value % or Amt |
Not Applicable (Any value entered for the BASE is considered as '0' after saving the price level) |
The value entered in this field is considered in percentage or amount based on the selection in the Type field |
| Base |
A drop-down field with two options - 'Yes' and 'No' You must select 'Yes' for BASE price level |
Select NO |
| Based on |
A drop-down field which displays the price type options - Selling Price, MRP, Purchase price, landing cost, Margin- Landing cost and special Rate. |
Not Applicable
All the non-base price levels work based on the price type selected for the BASE price level |
Note:
1. At a time, only one BASE can be activated. If you select 'Yes' for any other price level, this price level will become the BASE for other price levels and the previous BASE will get deactivated and becomes the non-base price level.
2. For price level based on 'Special Rate(From Item Master)', you need to have specified a special rate for the item in the Item Master. If no value for the special rate is specified, the special rate value for that item is considered as zero.
Creating a BASE price level
To create a BASE price level in the Price level Master, follow the steps below:
1. Click Inventory >> Price Level >> Price Level Master. The Price Level Master screen is displayed.
2. For details on entering the fields, refer the table above.
3. Click Save or press F6 to save the BASE price level.
Now, there are four price levels including the three default price levels (Seasonal, Whole sale and Semi-whole sale). Still, you can create 21 more non-base price levels.
Non-base Price level
A Non-base price level is a price level which depends on the BASE price level and works according to the price type defined in the BASE price level.
Creating Non-base price levels
Follow the same steps as mentioned for BASE price level creation with the difference that you need to select the option in the Type field and enter values in value % or Amt field.
Note: Base should be selected as "NO" for non base price level
You can edit the values in the default price levels as shown in the images below.
Wholesale Price Level
Semi wholesale Price Level
Seasonal Price Level
For details on applying price levels in the billing screen, click here
Drawback
1. The price levels created in Price Level Master will be applied to all the items in the billing screen. In the same bill, if you want to apply the price level only for certain items, these price levels are not helpful. In such a case, you need to apply Price Level Vs Items.
2. The price levels will work only for one price types (selling price or MRP or purchase price or landing cost) of the items based on the selection in BASE.
For Price Level vs Items, click here
Report
1. Price Level List [Report ID: 3335]
For FAQs, click here
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