Price Management

In this section, you will find settings that apply to managing prices in the system.

Use setup prices on parts per customer/supplier/price list?

If you configure this setting, you can use setup prices on customer/supplier links on parts, and on part links to customers and suppliers and in price lists. The Setup price field will then be available. The setting is activated by default.

Use staggered sales/purchase prices on parts?

If you check this setting, you can use staggered (graduated/progressive) prices for customer and supplier links, and the sales prices in the part register. You can enter staggered prices under the S button on those rows. The setting is activated by default.

Use Future price in price lists, customer/supplier links?

If you check this setting you can manage Future price in price lists, staggered prices, price adjustments and in customer and supplier links. Future price also includes valid through date and future setup price which will then be available in price lists and in customer and supplier links.

Complete FIFO for purchase parts

(This setting is part of an adaptation made for Eastern Europe. If this adaptation is not installed, this setting will be greyed out.) When this setting is activated, the FIFO calculation will consider the purchase price that applies at the time of the purchase. As standard (when the setting is set to No) it is the Standard price for the purchase parts that is included in the FIFO calculation.

Here there are three different alternatives:

• No - (standard) means that the FIFO calculation uses Standard price as purchase price.
• Log events - this alternative is used as a first step in order to get data in the system that can be used for calculations at a later stage.
• Yes - this alternative means that the FIFO calculation uses the current purchase price at the time of the purchase.

If you have not installed the adaptation, you can use FIFO with MONITOR's standard flow for FIFO, please see the Using MONITOR Procedures guide.

FIFO calculation that considers purchase price at the time of purchase for purchased parts (setting set to Yes) is normally used in Eastern Europe. This FIFO calculation causes quite a few changes in the system. For example, it is only possible to invoice a sold part if its incorporated purchased parts have had its supplier invoices authorized.

Price alternative for FIFO at inventory

This setting is used to determine which price that should be entered as the inventory record's final price during addition to stock, in connection with physical inventory. Standard price is selected by default. The following alternatives are available:

• Mean price
• Supplier price
• Average purchase price
• Last purchase price
• Future standard price
• Standard price
• FIFO price (for existing price)
• Price lists
• No price

Please note that this is a not a new setting, but previously it only applied to systems with a specific adaptation. The default alternative for this setting will not be affected by the update. If you have not used this setting before, we recommend that you select the price alternative "FIFO price" after the update.

Price alternative for FIFO during unplanned stock movements

During unplanned stock movements, this setting determines which price that should be entered as the final price. Standard price is selected by default. The following alternatives are available:

• Mean price
• Supplier price
• Average purchase price
• Last purchase price
• Future standard price
• Standard price
• FIFO price (for existing price)
• Price lists
• No price

Price alternative for FIFO during negative balance

If you perform a negative reporting, this setting determines which price that should be entered as the final price. Standard price is selected by default. The following alternatives are available:

• Mean price
• Supplier price
• Average purchase price
• Last purchase price
• Future standard price
• Standard price
• FIFO price (for existing price)
• Price lists
• No price - if you select this alternative you have to enter the price manually in the Price Adjustment - FIFO procedure.