Setting up your selling prices

Once you have set up stock items and customer accounts, you'll need to decide on the price you want to charge for each item. In Sage 200 you do this by settings up Price bands. Each price band is essentially a price list. You can set up as many price bands as you need, you just need to decide which customers receive which prices. This is done by linking customers to price bands so different customers can have different prices charged for the same item, for example, to charge trade customers a lower price. Once set up, this determines the price that's used when a stock item is added to a sales order or invoice for a customer.

There are three kinds of price band:

Standard- Contains the prices for all stock items and is linked to all customers by default. Use this if you only have one price list. This price band is created when you install Sage 200 and will use your base currency, but you need to enter prices in this price band before you can add any other price bands.
Universal - Contains prices for all stock items and are always in use. You choose which customers receive these prices.
Limited - Contain prices for selected stock items and can have time limits set. You choose which stock item to include and which customers receive these prices.

In addition, if you offer any discounts (or surcharges) on individual stock items you'll also need to set these up too. In Sage 200 you can set discounts per stock item, by product group or based on order or invoice value. See Setting your discounts.

Before you start setting your price bands. you'll need to make decisions about what and how to set them up.

Decisions to make about your selling prices

Do you ...	Set up	For example
Have one selling price for all your stock items?	Standard price band.	You have to enter prices for all stock items within the standard price band before you can add other price bands. Enter a standard trade price for all your stock items.
Have more than one selling price for all your stock items?	Universal price bands	You have some customers that always receive trade prices but the majority use the standard selling price: Set up the Standard price band with your usual selling prices. Create a Universal price band for your trade prices. Link this price band to the customers who receive trade price. Enter a trade price for all your stock items.
Have special prices for some stock items that are only available to some customers?	Limited price bands	A customer pays a particular price for one stock item but the normal price for the remainder: Link the customer to the Standard price band. Set up a Limited price band for the special stock price. Link the customer to this price band. Enter the special price for the stock item.
Have special promotional prices for certain periods of the year or need to create a sale price list ?	Limited price bands	You have a set of stock items that you're promoting for three months and you want to reduce the rice of these items for this period: Set up a Limited price band. Set a start date / time and an end date / time for the price band. Add the stock items on promotion to the price band and enter the promotional price. Link the customers who receive the promotional prices to the price band.
Have a different a price list in a foreign currency?	Universal or Limited price band	You have a number of customers in Europe and have separate Euro price list for them. You don't want to convert your sterling prices. Set up aUniversal price band. Set the currency toEuro. Link your Euro customers to the price band. Enter the Euro price for each stock item. Note: If your Euro prices only apply to certain items, set up a Limited price band.
Price some items by marking up their cost price	Mark up prices