9 click ok to add the new item to the item list 10

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9. Click OK to add the new item to the Item List. 10. Close the Item List.
Lesson 6 — Enter Sales Information Create New Price Levels QuickBooks Desktop 2020 Client Training 24 Create New Price Levels For each price level you create, you assign a name and percentage increase or decrease to the item’s base or standard sales price. You can create up to 100 price levels in QuickBooks Pro and Premier to use on invoices, sales receipts, estimates and credit memos. To enable price levels in a company, click Edit Preferences Sales & Customers Company Preferences Enable Price Levels . Step-by-Step: Create a New Price Level 1. From the Lists menu, choose Price Level List . 2. From the Price Level menu button, choose New . 3. In the Name field, enter a name for the price level. 4. From the Type drop-down list, select Fixed % or Per Item . This setting determines if you have a fixed markup/discount or if you would like to set up custom prices per item. (Per Item Price Levels are not available in QuickBooks Desktop Pro.) 5. Set your rounding parameters. 6. Click OK . 7. Close the Price Level List.
Lesson 6 — Enter Sales Information Associate Price Levels with Customers QuickBooks Desktop 2020 Client Training 25 Associate Price Levels with Customers When you assign price levels to customers, QuickBooks calculates rates and amounts on sales forms based on the price level associated with that customer. Step-by-Step: Associate a Price Level with a Customer 1. Open the Customer Center. 2. In the Customers & Jobs List, select the customer whose price level you wish to set. 3. Double-click on the customer name to open the customer detail page. 4. Click the Payment Settings tab. 5. From the Price Level drop-down list, choose the price level you want to associate with the customer. 6. Click OK to close the Edit Customer window and save your changes.
Lesson 6 — Enter Sales Information Associate Price Levels with Customers QuickBooks Desktop 2020 Client Training 26 Now when you create a sales form for this customer, the price will automatically be adjusted according to the price level. However, you will still have the opportunity to select the base or standard price, or any of the other prices associated with other price levels, for each item (by clicking on the drop-down next to the rate that appears). You will also be able to overwrite the price altogether and enter a custom price for this sales form. See the next section, Assign Special Prices to Individual Line Items, for situations in which you might want to use this feature. N OTES
Lesson 6 — Enter Sales Information Assign Price Levels to Individual Line Items QuickBooks Desktop 2020 Client Training 27 Assign Special Prices to Individual Line Items In addition to associating price levels with customers, you can also use other price levels and special prices on an individual basis on sales forms. Some examples of when you might want to do this are: You’ve associated a price level with a customer but want to charge the base sales price for an item on a sale to that customer

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