Item Prices
Overview
Item Prices enable users to separate prices from items, allowing the system to maintain different prices for different currencies and assign prices to sales or purchase transactions as needed.
Who uses this page?
- Inventory managers
- Procurement teams
- Accountants
- Bookkeepers
- Finance staff
When to use this page?
- When creating a new item price
- When editing an existing item price
Navigation path
To access the Item Prices page, navigate to: Inventory > Item Prices
Field descriptions
The following fields are available on the Item Prices page:
Main Form
| Field Name | Purpose | Expected Values | Defaults |
|---|---|---|---|
| Item | Item for which the price applies | List of existing items | Required |
| Currency | Currency for which the price applies | List of active currencies | Required |
| Rate | Unit price of the item | Decimal | Required |
| Buying | Whether the price is for buying | Yes/No | Default: No |
| Selling | Whether the price is for selling | Yes/No | Default: Yes |
| Active | Whether the price is active | Yes/No | Default: Yes |
Discount
| Field Name | Purpose | Expected Values | Defaults |
|---|---|---|---|
| Discount Method | Method for calculating discount | Percentage or Amount | Default: Amount |
| Discount | Discount amount or percentage | Decimal | Default: 0.0 |
Actions & buttons
The following actions are available on the Item Prices page:
- Save: Saves the item price
- Delete: Deletes the item price (if no transactions are associated with it)
Examples / usage notes
- When creating a new item price, ensure that the required fields (Item, Currency, and Rate) are accurately populated.
- Use the Buying and Selling checkboxes to specify whether the price is for buying or selling.
- The Discount Method and Discount fields allow you to calculate discounts for the item price.