Recalculate Level Price Utility: Located in the Inventory ribbon Cost/Price Utilities menu this utility reviews the prices of all inventory items to apply current inventory costs and save any updated prices.

 

Float Pricing: Updated the "Float" price adjustment feature to provide the "from 'new' price" and "from 'old' price" options.

 

Floating Prices: Go to System Preferences > Pricing Setup tab > Update 'float' prices using current inventory costs (V3 calculations) option has been added to provide entrée legacy float price updates.

 

When this option is checked the behavior of the updated pricing calculations will change to emulate the legacy float price update behavior in entrée prior to release 4.0.38.

 

 

Edit Special Price Parameters New Manual Option

In both the Inventory and Customer file Special Pricing tab Edit Pricing feature you now have the Manual option in the Special Price Markup Basis menu.

 

•For Special Prices configured using the "Manual" option it means that the price is not linked to any cost value.

•NO markup values are applied.

•The system NEVER updates these prices automatically.

 

Modify Special Prices Utility New Manual Option

This utility now has 3 possible update options.

 

1.Check only the Update regular prices (updates any cost basis other than "Manual").

2.Check only the Update "Manual" prices option.

3.Or check both options to update both "regular" and "Manual" simultaneously.

 

•The cost basis of each Special Price can be defined individually.

 

•You must specify appropriate adjustment values for either type of price up front (or exclude that price type from being updated).

 

•The "Update regular prices" section of the dialog is the original functionality of this utility.

 

Level Pricing: Inventory Modify Level Pricing Manual Update Option Added

 

•Since "Manual" prices have no associated mark-up value any adjustments made by this utility are applied directly to the individual prices.

 

•Using the "Change by dollar amount" option will allow you to directly increase or decrease the prices by the specified dollar amount for Current Price.

 

Level Pricing:Revised the process for editing current and future Level Prices throughout the system

1.In addition to the original information displayed in the Level Price editing grid there are four new columns: "Markup", "$ Over Cost", "Cost Basis" and "Cost Basis $".

 

▪The "Markup" column shows a "$" or "%" value to indicate whether a given price is a "float" (dollars over cost) price or a "percent" (percent over cost) price.

▪The "Cost Basis" column indicates the cost value (Real, Landed, Base or Market) from which the price is derived.

▪The "Cost Basis $" column indicates the working cost value being used for that price.

 

 

This is useful in Inventory File Maintenance on systems having automatic recalculation of Level Prices disabled in System Preferences. On such a system the cost values used to calculate the prices could be different from the current working costs of the item due to a deferred price update. In this case "Cost Basis $" will allow you to see how the cost has changed since the prices were last updated.

▪The "$ Over Cost" column interacts with the original "% Over Cost" column in that BOTH values are now calculated for ALL active price levels. Previously the "% Over Cost" value only applied to prices which used a percent markup value (hence the need for the "Markup" column under the new design).

Very Important: The "% Over Cost" value shown for "floating" prices is calculated as a simple, add-on percentage value. Because of this, for price levels which are defined to use the "% of Sell Price" calculation formula the markup percentage shown for a "floating" price WILL NOT produce the same price if you try to convert the price from "float" to "percent" using the displayed percentage value.

 

3. Cost/Price Update - Calculations performed in response to a manual edit of Base Cost are applied to Markup Dollars rather than Real Cost.

 

4. Cost/Price Update - Calculations performed in response to a manual edit of Base Cost value had the hard limit removed which prevented Base Cost from being set below Landed Cost. Per the behavior of the V3 application the calculation process will generate a negative Markup Dollars value to produce the requested Base Cost value.

 

5. Level Price Grid – Extended the Level Price editing grid by adding a second “information” page, which is accessed by clicking the “gears” icon in the lower, left-hand corner to the price editing grid. This button flips over to a “read only” information page which shows how each price level is configured. It also shows whether or not any “Price Drop” have been applied (a feature which alters how “percent” prices are calculated). To switch back to the price display click the “$” icon.

 

 

6. Floating Price Levels - Implemented a system which allows for deferred updating of "Floating" (dollars over cost) price levels. With this release the pricing system has been changed so that it "remembers" the cost values which were used to calculate a given set of prices. When the new costs are finally applied to the prices this arrangement allows us to correctly recalculate "floating" prices. The process of saving the new prices also updates the "last cost used" values to be ready for the next cost update.

 

7. Minimum Sell Price Update - Two changes made to the handling of Minimum Selling Price updates in the Cost/Price Update Utility, Future Price, By Class:

 

First, since the adjustment is a dollar amount it will only be applied to Minimum Selling Prices which are currently based on a dollar markup. This is consistent with how similar adjustments are being applied to Level Prices.

 

Second, the application of the adjustment has been changed so that it goes straight to the Markup value so that the existing recalculation process will produce the desired result.