Select the Pricing Type that corresponds to the method you want to use for this inventory item.

For Level pricing types, you can establish Price Level Codes in Sales to set up special customer pricing.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the pricing type and prices you entered will stay in the fields below to speed up stock item entry.

These fields only appear if you select List, Margin, or Markup as your pricing type. Quantity breaks are used as an incentive for customers to buy more of an inventory item to reduce the cost per unit. For each increase in quantity, you can decrease the cost to the customer.

These fields only appear if you select List as your Pricing Type. Enter the list prices for the associated quantity breaks.

These fields only appear if you select Margin as your Pricing Type. Enter the margin percentages for the associated quantity breaks.

These fields only appear if you select Markup as your Pricing Type. Enter the markup percentages for the associated quantity breaks.

This column is only available if you select the Margin, Markup, Level Margin, or Level Markup pricing types. It displays the unit sale price that results from the pricing type you select and percentage you enter in fields 1-5.

If you want to track alternate prices, such as the prices competitors charge, enter them in the Alt Price 1 and/or Alt Price 2 boxes. This information can later be included on customer receipts and some reports using Crystal Reports. These boxes are optional.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the prices you entered will stay in the fields to speed up stock item entry.

The number in this box is used as a multiplier when you purchase stock items. The Buy Conversion appears on several Inventory reports, but is only active when you integrate Sales or Purchase Order to Inventory. This field is not available for serialized stock items or if you set up multi-pack pricing. The default for this box is 1.0000.

To calculate the Buy Conversion, divide the unit by which you purchase the selected stock item in Purchase Order or Accounts Payable by the unit in which you store the item in Inventory.

Buy Conversion = PO Unit / IN Unit

The number in the Sell Conv box is used as a multiplier when you sell stock items. The Sell Conversion appears on several Inventory reports, but is active only when you integrate Sales to Inventory. This field is not available for serialized or lot numbered stock items, or if you use multi-pack pricing. The default for this box is 1.0000.

To calculate the sell conversion, divide the unit by which you store the selected stock item in Inventory by the unit in which you sell the item in the Sales module.

Sell Conversion = IN Unit / Sales Unit

This is a dollar amount that will be added to the selling price of the stock item. This amount may represent additional charges, such as royalties or fees, that are difficult to build into the pricing scheme. The Misc. Charge appears on several Inventory reports. Any amount in this box will be posted to the Miscellaneous Charge account associated with the Inventory Code attached to this stock item.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the price you entered will stay in the field to speed up stock item entry.

Enter the standard cost of this item if you use the Standard Cost Valuation method for this stock item. If you use another valuation method, the entry in this box appears as a reference on the Inventory Stock Value Report.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the cost you entered will stay in the field to speed up stock item entry.

This is the last cost you paid for this item. This amount will automatically update when you receive this item. You can hide this field if you select the Hide Last Cost in IN Stock Window check box in Module Preferences.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the cost you entered will stay in the field to speed up stock item entry.

This is the minimum quantity of this item you want to have on hand. This is sometimes referred to as the reorder point. This is used in the Understock Report to help control the quantity of inventory on hand, and is used in Purchase Order to automatically generate purchase orders from Inventory. You must enter an amount in this field if you plan to automatically generate purchase orders based on this amount. You must also enter an amount higher than zero in the Maximum field.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the quantity you entered will stay in the field to speed up stock item entry.

This is the maximum quantity of this item you want to have on hand. This is used in the Overstock Report to help control the quantity of inventory on hand, and is used in Purchase Order to automatically generate purchase orders from Inventory. When you create purchase orders individually, you can order any quantity. If you plan to generate purchase orders based on this figure or based on your minimum quantity, you must enter an amount higher than zero in this field.

If you selected the Allow copy of quantity and price information check box in Module Preferences, after you save the stock item, the quantity you entered will stay in the field to speed up stock item entry.

This is the quantity of stock items on back order from Sales transactions. If you have all the modules installed and integrated to Inventory, information in this field automatically updates when you post transactions that include stock items on back order. You can edit the information if necessary. To view the Inventory Back Order Report for the selected stock item, select the magnifying glass next to the field.

This number represents the quantity of stock items currently on order. This number automatically updates when you process Purchase Order transactions. If you do not have Purchase Order installed, you must manually enter this number. To view the Inventory On Order Report for the selected stock item, select the magnifying glass next to the field. For more information, see the On Order Report.

The number in this box reflects the quantity of this stock item currently on Layaway. If you have all the modules installed and integrated to Inventory, information in this field automatically updates. You can edit the information if necessary.

The Committed box keeps track of the number of unposted stock items sold. If you have all the modules installed and integrated to Inventory, information in this field automatically updates. You can edit the information if necessary. When you post transactions, this number is subtracted from the on hand number and returns to zero.

This represents the quantity of physical inventory available for sale. The number in this box represents the number in the On Hand box minus any in unposted transactions (represented by the number in the Committed and Layaway boxes). The available quantity automatically updates through transactions from Sales, Inventory, Accounts Payable, and Purchase Order if you have these modules integrated to Inventory.