If you give your favorite customers price breaks or increase other customers'charges because they keep asking for "just one more thing," you can make those adjustments with discounts or markups on their invoices. Remembering who gets discounts and what percentage you apply is tough when you have a lot of customers, and it's bad form to markup a favorite customer's prices by mistake. When you assign price levels to customers, QuickBooks takes care of adjusting the prices on every invoice you create.
To use price levels, you must first turn on the price level preference (page 153). In the Edit Preferences dialog box, click the Sales & Customers icon, and then click the Company Preferences tab. Turn on the "Use price levels" checkbox.
In QuickBooks Pro, a price level can increase or decrease prices by a percentage, as illustrated in Figure 5-3.Think of price levels as standard discounts or markups—and then apply those percentages to specific customers. For example, create a price level called Extras to boost prices by 20 percent. Then, assign that price level in the customer record (page 52) for every nitpicker you work for. Although price level names don't appear on your customer invoices, it's still a good idea to choose names that are meaningful without being rude.
In QuickBooks Premier, you can create price levels that set the dollar prices for individual items in your Item List. For example, suppose you sell calendars to retail stores for $5 each. You could create ...