Synergetic Financial Configuration - Business Units - Price Groups sub-tab

Modified on Mon, 20 Apr at 12:05 AM

Use the Price Groups sub-tab of the Business Units tab to create and edit price groups within a business unit. Price groups are used in conjunction with item categories and category price groups to set a pricing method. For example, you may want to sell yearbooks at cost price to current students, but with a markup to past students. In this example, use the Price Groups tab to create two entries, one for each relevant constituency.

Note: The topmost price group must be your normal or default price group.

Opening the Price Groups sub-tab

To open the Price Groups sub-tab:

Select Module > System > Finance Configuration Maintenance from the main menu.
The General tab of the Synergetic Financial Configuration window is displayed.
Click the Business Units tab.
The Business Units tab of the Synergetic Financial Configuration window is displayed.
Tip: You can also open the Business Units tab by selecting System > Business Unit Maintenance from the main menu.
Click the Price Groups sub-tab.
The Price Groups sub-tab of the Synergetic Financial Configuration window is displayed.

Synergetic Financial Configuration - Business Units - Price Groups sub-tab key fields and buttons
Grid area fields

Field	Description
Price Group No.	Identifying number for the price group. Note: The first price group is the default price group.
Price Group Short Description	Short description for the price group.
Price Group Full Description	Full description for the price group.
Policy	Select which pricing policy to use for this price group: Default - Use the default price group's price, modified by any discount or surcharge. Cost - Use the current average cost of the stock, modified by any discount or surcharge. Manual - Set the price of the item in Item Maintenance.
Discount	Discount or surcharge to apply. Note: Negative values create a surcharge. For example, -10 applies a 10% surcharge,
Internal Sale?	If selected, the price group is for an internal sale. The only payment method permitted is a general ledger account code.
Force Tax Code	Tax code that is applied to purchases in this price group.

Price Group area

Field	Description
Price Group	Identifying number for the price group. The applicable price group with the lowest number is applied to the customer.
Short Description	Short description for the price group.
Description	Full description for the price group.
Policy	Select which pricing policy to use for this price group: Default - Use the default price group's price, modified by any discount or surcharge. Cost - Use the current average cost of the stock, modified by any discount or surcharge. Manual - Set the price of the item in Item Maintenance.
%Discount/ Surcharge	Discount or surcharge to apply. Note: Negative values create a surcharge. For example, -10 applies a 10% surcharge,
Force Tax Code	The tax code applied to purchases made by this price group. Select blank to not force a tax code.
Internal GL Sale Only	Select to apply the price group for internal sales only. Note: This field is disabled for the default price group.
Round Price on Recalc	Select to round prices to two decimal places whenever prices are recalculated.

Constituencies area
Note: If you have selected the default price group, this area is not displayed.

Field	Description
#	Select to include the constituency in the price group. Note: If the customer is a member of constituencies in multiple price groups, Synergetic offers the price available from their price groups. See Selecting stock items for sale in the Sales manual.
Constituency	Code for the constituency.
Description	Description for the constituency.
Show Selected Constituencies Only	Select to show only the constituencies currently included in the price group.