Sales Discount Codes window

SalesCS > Sales > Pricing menu > Sales Discount Codes window

You can use Discount Codes to automatically administer unique and complex pricing policies to promote particular markets or products. You can extend special prices on selected inventory items to targeted groups of customers and effectively implement strategic pricing plans.

NOTE: If multiple price reductions exist for the same stock item (i.e., promotional pricing, discounts, Price Level Codes, and/or customer special pricing) the single best price is automatically used. For more information on pricing, see Establishing Prices for Your Stock Items.

Discount Code

Enter the Discount Code combination from the AR Customers window and the IN Stock window. The first portion of the code (up to six characters) is the entry in the AR Customers window Discount field. The second part of the code (up to six characters) is the entry in the IN Stock window Sales Info tab Discount field. This code will appear in the Lookup and on some reports to help you identify this discount and to distinguish it from any others.

When a customer purchases a stock item, the entry in their AR Customers window Discount field is combined with the entry in the IN Stock window Sales Info tab Discount field of the stock item they are purchasing. This combination is compared to any Discount Codes that have been set up in this window. If a match is found, then the discount that is defined by the Discount Code is automatically applied to that stock item. If no match is found, then the regular price for the item is charged. For a visual representation of the facets of Discount Codes, see the image in Setting Up Discount Codes.

Description

Enter a description of up to 50 characters. Use a description that easily identifies the customer and stock item group. This description will help you distinguish this code from other Discount Codes and will also appear in Lookups and on some reports.

Percent

Enter the percentage to deduct from the price of the stock item when a match is found for the customer/stock item discount combination.

GL Disc Account

Enter the GL Discount Account to which to post the discounts calculated by this Discount Code. If you are using the Interface Table, enter the GL Key. If Sales is not integrated to General Ledger, you can leave this box blank.

If you have a Terms Code established in AR for timely payment discounts and you want your Sales discounts to be posted to the same GL account as the timely payment discounts, use the same GL Key that was used on the AR Terms Code. If not, make up a GL Key to be used as an Interface Code in the Interface Table. Use any combination of one or two letters, numbers, or special characters. Be careful, however, not to duplicate an already existing Interface Code.