Price Levels
Whether you give your favorite customers price breaks or increase other customersâ charges because they keep asking for âjust one more thing,â you can apply discounts and markups when you create invoices. But remembering who gets discounts and what percentage you apply is tough when you have a lot of customers, and itâs bad form to mark up a favorite customerâs prices by mistake.
Say hello to QuickBooksâ Price Level List. When you define price levels and assign them to customers, QuickBooks takes care of adjusting the prices on every invoice you create. You can also apply a price level to specific lines on invoices to mark up or discount individual items.
Creating a Price Level
To create a price level, do the following:
If the Price Level preference isnât already on, turn it on.
If QuickBooksâ Price Level preference is turned off, you wonât see the Price Level List command in the Lists menu. To turn it on, choose EditâPreferencesâSales & Customers, and then click the Company Preferences tab. Turn on the âUse price levelsâ checkbox, and then click OK.
Choose ListsâPrice Level List.
The Price Level List window opens.
In the Price Level List window, press Ctrl+N or click Price LevelâNew.
The New Price Level dialog box, shown in Figure 6-3, opens.
In the Price Level Name box, type a name for the level.
If you have a fixed set of discounts, you might name the various levels by the percentage, like Discount 10 and Discount 20, for example. An alternative ...
Get QuickBooks 2011: The Missing Manual now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.