# Price List Item: Entity Definition

#### SALES --- PRODUCTS --- SELECT PRODUCT --- PRICE LIST ITEMS

### General

- Price List - The group of price list items to which you wish to add this one.
- Product - The product corresponding to this price list item.
- Unit - This is always Primary Unit.
- Currency - The currency you accept for this product.
- Discount List - This is a discount available for purchasing in bulk. This ties to a price list item.
- Quantity Selling Option - This field specifies whether the item can be sold only as a whole item or whether a fraction of the item can be sold.

### Pricing

- Pricing Method - This field determines the method the item will be sold. For example, the item can be sold as a flat rate or as a percentage.
- Currency Amount - The price = the amount listed in the Amount field.
- Percent of List - The price is calculated as a percentage of your current cost for the item. The calculated price = List Price x percentage listed in the Percentage field. The List Price field is located on the Product form.
- Percent Markup - Current Cost - The calculated price = Current Cost x 100% + percentage listed in the Percentage field. The Current Cost field is located on the Product form.
- Percent Margin - Current Cost - The price is based on the profit percentage you want to achieve and your current cost for the item. The

calculated price = Current Cost + [(Current Cost x Percentage)/ (100% - Percentage)]. - Percent Markup - Standard Cost - The price is calculated as a percentage of the Standard Cost of the item. The calculated price = Standard Cost x 100% + Percentage . The Standard Cost field is located on the Product form.
- Percent Margin - Standard Cost - The price is based on the profit percentage you want to achieve and the standard cost of the item.

The calculated price = Standard Cost + [(Standard Cost x Percentage)/(100% - Percentage)]. - Amount - If the Current Amount option is chosen in the Pricing Method field, then this field will editable. Otherwise, this field will be grayed out.
- Percentage - If a percent option is chosen in the Pricing Method field, then this field will editable. Otherwise, this field will be grayed out.

### Rounding - If a percent option is chosen in the Pricing Method field, then these fields will be editable. Otherwise, they will be grayed out.

- Rounding Policy - This field determines if a decimal is given, how the number will be rounded.
- Rounding Option - If a rounding policy other than none or blank is chosen, then this field will become editable and is required. This field specifies the rounding option.
- Rounding Amount - If a rounding policy other than none or blank is chosen, then this field will become editable and is required. This field is for the rounding amount.

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