PRICE BASIS
Field #14
The inventory system allows you to have up to 9 price levels for an inventory item.
You don't have to use all 9 levels. In fact, 2 or 3 price levels are usually adequate
for most companies. The three main components of pricing are Price Basis,
List/Base and the price adjustment levels 1 through 9. The price basis you assign
to each item determines how the price is computed by using the price adjustment
levels as they relate to List/Base. List/Base is a value kept in the Inventory Store
Data File (IM2.D). It can also be thought of as retail or cost, the basis from which
the price levels are calculated. You have the following price basis options (see
below for further explanation of each option):
0 = Percentage markup or markdown from List/Base
1 = Dollar markup or markdown from List/Base
2 = Actual prices. No List/Base is needed
3 = Gross margin percentage markup or markdown from List/Base
10 = Same as price basis 0 except price adjustment levels 6-9 are quantity
11 = Same as price basis 1 except price adjustment levels 6-9 are quantity
12 = Same as price basis 2 except price adjustment levels 6-9 are quantity
Dimensions 14
The thickness (in inches), width (in inches), and tally (number of
pieces and length in feet) will be called for at POS to calculate the
total units to be relieved from stock. For example:
Item #
Descriptio
Cat #
n
5920010
Doug Fir
0
Timbers-
DF
RW&RL
Timbers
*Calculates as whatever portion of 1 foot. 6=1/2 foot (.5)
6
Square footage items
The width (in feet) and the length (in feet) will be called for at POS to
calculate the total units to be relieved from stock. For example:
Item #
Descriptio
Cat #
n
56390100
Doug Fir
DGPLYWOODG
Plywood
RW&RL
7
Non-inventory items
Labor, treating expenses, and overhead are examples of type 7 items.
Only MTD and YTD sales and cost are updated to the Totals File and
the General Ledger. No dollar value is maintained in the inventory.
breaks
breaks
breaks
C
Unit
Conv
Tally
or
Desc
Fact
sold
M
at POS
M
BF
.000
Thick:1
Width: 6*
Pieces: 20
Length: 8
C
Unit
Conv
or
Desc
Fact
M
M
SF
.000
Chapter 5. Inventory
Total
units
relieved
80
(1x.5x20x8)
Tally
Total
sold
units
at POS
relieved
Pieces:5
80
Width: 4
(5x4x4)
Length: 4
173
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