Vendor Prices: General Information

By maintaining vendor price lists in your system, you can take advantage of promotional prices and volume-based offers when planning your purchases and order items for the best available prices.

Learning Objectives

You will learn how vendor prices are defined in MYOB Acumatica and how you can upload a vendor price list by using a vendor price worksheet.

Applicable Scenarios

In MYOB Acumatica, you can maintain vendor prices for both non-stock items and stock items. Specifying vendor prices for stock items is possible only if the Inventory feature is enabled on the Enable/Disable Features (CS100000) form.

Vendor Price Types

The following types of vendor prices can be defined in the system.

• Regular vendor prices: Regular vendor prices are the most basic type of vendor prices supported in MYOB Acumatica. Any price that is not promotional is considered regular.

  To define a regular vendor price, you specify the following parameters on the Vendor Prices (AP202000) form: the vendor who provided the price, the item to which the price is applicable, the unit of measure in which the item is purchased, the price and the start date on which the price becomes effective. Regular prices do not necessarily have an expiration date. Those that do, are not applicable after that date. You can also import a price list with regular vendor prices by using the Vendor Price Worksheets (AP202010) form.

• Promotional vendor prices: If some of your vendors use promotions, in MYOB Acumatica, you can enter promotional vendor prices—that is, temporary prices for specific items. Such prices have expiration dates, and they are not applicable after the expiration date.

  To enter promotional prices, you select the Promotional check box for each price record on the Vendor Prices form. You can also import the promotional price list by using the Vendor Price Worksheets form and mark all the prices as promotional by selecting the Promotional check box of the worksheet.

• UOM-specific vendor prices: If some of your vendors maintain prices in multiple units of measure (UOMs), you can define a price record for an item in each of these UOMs on the Vendor Prices form. You can also import a list with prices defined in multiple UOMs by using the Vendor Price Worksheets form.

  A unit of measure is a required parameter for vendor prices of all types. When you a create a price record, you specify the UOM to which the price is applicable. Each UOM in which the item is purchased requires a new vendor price record to be created.

• Volume-dependent vendor prices: If the Volume Pricing feature is enabled on the Enable/Disable Features (CS100000) form, you can enter information about a particular vendor's price tiers by using the Vendor Prices form. You can enter tiers by specifying for each tier a break quantity, a price, and a date when the price should be in effect.
• Warehouse-specific vendor prices: If the Multiple Warehouses feature is enabled on the Enable/Disable Features form, you can define warehouse-specific prices. If a warehouse is not specified for a price, this price applies to all warehouses. The system does not use warehouse-specific prices in accounts payable documents, because these documents do not include warehouse information.