A discount class is a category set up for a product within a price line and is used to group products for pricing purposes. For example, within a price line, a vendor sells one group of items at LIST less 30, while selling another group at LIST less 40. When a price sheet has different pricing formulas for different items, classify the items by formula within that price sheet, and assign each formula a price sheet discount class.
The vendor may give you the name of the discount classes to which some products belong, or the vendor's price sheets may display only the products and their discounts. In which case, you can define the appropriate number of discount classes within the price line. Then, manually assign each product to the correct discount class.
A product cannot have different classes assigned to branches with the same price sheet assignments. For example, if branches 1, 2, 3, and 4 all use the same price sheet and a product in branch 1 is assigned to discount class A, the product must also be assigned to discount class A in branches 2, 3, and 4.
To assign a price sheet discount class to a product:
From the Maintenance menu, select Product to display the Product Maintenance window.
In the Product field, enter the product ID to display the product record.
Select Pricing to display the Product Price Maintenance dialog box.
Select File > Hierarchy, enter a branch, and click OK to view the settings for a specific branch and where those settings came from. All territories that contain that branch display in the Branch /Territory column below the branch, in the order of the territory priority. For more information, see Branch Hierarchy Details.
Note:The system may adjust other branch information for updates on price sheets and discount classes to maintain a discount per price sheet requirement. We recommend reviewing the table after changes to verify any automatic adjustments.
In the Discount Class column, do one of the following:
Enter a discount class.
Create a discount class by entering an alphanumeric name for the discount class, up to 10 characters. Then enter different formulas for each discount class in Price Sheet Entry. Set up any discount classes you plan to use before entering price sheet information.
Name the discount class in relation to the discount being offered. For example, define discount classes as 18, 20, 22 and Net for 18 percent, 20 percent, and 22 percent discounts, and for Net price, respectively.
Note: When items in a price line are separated into discount classes, update the prices by discount class. In Price Sheet Entry, you can copy the prices from one discount class to another if many of the prices are the same. Then, make any necessary changes to the prices in the target discount class.
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