The following will guide you on how to setup item pricing.
  1. Open Item screen > Pricing tab.
  2. Item Locations added in the Item > Setup tab > Location tab will automatically be shown on this tab.
  3. You will have to enter the following information for each location added.
    1. Enter Last Cost. This field is updated with a new cost when you purchased this item with another cost.
    2. Enter Standard Cost. 
    3. Leave Average Cost. This is automatically computed when you purchase the item.
    4. Select a Pricing Method. To guide you on how each pricing method computes for the Price, see How Price is computed based on different Pricing Methods.
    5. Depending on the pricing method selected, fill in amount or rate in the Amount/Percent field.
    6. The Retail Price will automatically be computed based on Standard Cost, Pricing Method and Amount/Percent selected. This price is used by default for Sales transaction > Price field.
    7. Enter the MSRP (Manufacturer Suggested Retail Price).
  4. Save the record. You can click Save or use the shortcut key Ctrl+S. In case you miss to save it and you click the Close or the x button at the top right corner of the screen or use the shortcut key Alt+X or Esc , i21 will prompt you if you would like to save it before closing the screen.

 

 

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