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PrerequisitesBefore you begin:
  • You must have access to the Item and Pricing Rule modules.
  • Ensure you understand your role’s pricing permissions—some edits may require manager approval.
  • Know which type of pricing you’re updating: standard selling price, buying price, or special pricing rules (discounts/promos).

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1.0 Standard Selling Price

This is the default price we sell an item for—visible to all users when creating a Sales Order. 1. Navigate to the Item
  • Go to Items > Item List and open the product you want to price.
2. Scroll to the ‘Item Price’ Section
  • You’ll see linked prices. Click Create / Add Price.
3. Enter Price Details
  • Set the Price List (e.g., Selling, Retail, Wholesale).
  • Enter the Rate (price per unit).
  • Choose the applicable currency and unit of measure (UOM).
  • Save the price.
Multiple price lists can be maintained for different customer groups or regions.

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2.0 Buying Price (Purchase Price)

1. Open the Item Record
  • Navigate to the item from Items > Item List.
2. Add a Buying Price
  • Click Add Price, select the Buying price list.
  • Set the rate and currency.
Regularly review buying prices to track cost changes and adjust selling prices if needed.

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3.0 Using Pricing Rules (Advanced)

Need to apply discounts for a specific customer group or create tiered pricing? That’s where Pricing Rules come in handy. 1. Go to Pricing Rule
  • Navigate to Selling > Pricing Rule.
2. Set Rule Criteria Choose whether the rule applies to:
  • A specific Item or Item Group
  • A Customer or Customer Group
  • A specific Price List
3. Define the Rule You can:
  • Override price with a fixed value
  • Apply a discount percentage
  • Set min/max quantities for tiered pricing
  • Set validity dates if it’s a temporary promo.
4. Save and Submit
  • The system will now automatically apply this rule when conditions are met in Sales Orders or Quotations.

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4.0 Best Practices

  • Keep price lists organized by customer type (e.g., Retail, Distributor, Export).
  • Periodically audit pricing rules to avoid expired or conflicting promotions.
  • Coordinate with Sales and Procurement teams before making major changes.