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naturs_vrede
April 2, 2019
Question

How do I set up multiple price points for a single item? (E.g. retail, wholesale, and distributor rates, so all types pull from the same inventory pool)

  • April 2, 2019
  • 5 replies
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5 replies

A
Anonymous
April 2, 2019

Hi there, @naturs_vrede,

 

It's nice to have you as a member of the Community. I can share some information about assigning multiple prices for your items in QuickBooks Online.

 

At the moment, were unable to add different prices for a single item in QBO. While this preference is currently unavailable, you can either create another inventory item or use Price Rules.

 

To create a new item, follow the steps below:

  1. Click the Gear icon then select Products and Services.

  2. Hit the New button.

  3. Select a product/service type.
  4. Complete the product information and click Save and close.

To turn on you price rules:

  1. Tap the Gear icon and choose Account and Settings.

  2. Click the Sales menu.

  3. Tap the Pencil icon next to Products and services.
  4. Mark the Turn on price rules Beta box.

  5. Hit Save then Done.

I've attached here some articles to guide you with the process:

As always, I'm just a post away if you should have any questions. Thanks for visiting our forum today, have a wonderful and productive week!

P
potterbob
April 6, 2019

I have the same issue with Mac 2019. I want to charge different prices to members/non-members, but decrease the same inventory item. How would I do this?

P
potterbob
April 6, 2019

I also need to be able to input different costs when I purchase the same item and use FIFO for the COGS expense.

1
1935 1478 1746 204
August 5, 2020

Hello,

 

Thanks for the suggestions in regards to the price rules, which is certainly helpful but doesn't help for the income account which should show the wholesale sales and the retail sales with taxes. Is there any possibility to choose between two income accounts while creating the invoice? 

 

Thanks in advance. Merci 

 

Christiane 

 

M
Mark_R
August 5, 2020

Hi there, Christiane.

 

At this time, QuickBooks Online (QBO) only allows entering products and services when creating invoices. Thus, choosing two income accounts isn't available.

 

As a workaround, you can consider creating two different items or services and associate them with their appropriate income accounts. Here's how:

 

  1. Click the Gear icon, then select Products and services.
  2. Select New, then choose either Inventory or Service.
  3. Enter the name of the item and the necessary information.
  4. From the Description field, you can specify if it's a "wholesale" or "retail sales."
  5. In the Income account drop-down, select the appropriate income account you'll use.
  6. Click Save and close.

Once done, you can repeat steps 2 to 5 to create another item for a specific income account.

 

I'm adding this article for more details: Add product and service items to QuickBooks Online.

 

For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on. 

 

I'm always here to hear if you have any other concerns with QuickBooks Online. You're always welcome to post again or leave a reply below. Have a good day and stay safe.

T
TirzahC
June 16, 2021

Thanks for joining the thread, Gordon B.

 

I hear you and realize the importance of choosing two income accounts for your business. It's always our aim to develop relevant features from our customer's feedback. I’ll make sure to take note of this and pass it to our engineers. It’d be helpful as well if you send us feedback as it goes directly to our product developers. Here’s how:

  1. Click on the Gear icon.
  2. Select Feedback under Profile.
  3. Share your feedback under the Feedback page.
  4. Once done, click Next. 

I recommend checking out our QuickBooks Blog to learn more about what’s new in QuickBooks Online.

 

As always, I'll be right here to help you if you have any other QuickBooks concerns, don't hesitate to add a post/comment below. Wishing you the best!

G
Gordon B
June 17, 2021

Hi,

 

Thanks for the quick response. I'm not asking for a 'new feature'. I'd like to know why this is only available to the users in the US?

K
KP-HTT
May 4, 2024

Hello All,

Really having a hard time to understand if QBD enterprise has anything that can help set a list price or base rate whatever its called in there.  i want to set up an automation to update all items under a particular vendor to have 30% margin or markup on cost.  i tried to set up a price rule but when i enter an invoice there is a conflict with the price rules as i have a price rule that gives discount to every customer based on their size.  so for example we bought a product for $10 want to set up a selling price of $15 when a customer buys this product they get 15% discount set up in the system so their price would be $13.50.  Possible??  the customer price rule works but need a way to setup automatic selling price for the product.

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MelroseV
May 4, 2024

Hello there, KP-HTT.

 

The customer rule is based on the original price or cost. Which is $10 not the adjusted price of $15. Therefore, it can't be set to $13.50.

 

In the meantime, you can send feedback to our Product Engineers so they know what to add to the next update.

 

Here's how:

 

  1. Click on the Help menu located at the top.
  2. Select Send Feedback Online, then click Product Suggestion.
  3. Type in your feedback or feature request.
  4. Click the Send Feedback button.

 

Additionally, you can search for a third-party application that offers this functionality. Then, integrate with the program. I suggest visiting our QBO Apps Store page to look for the specific app that suits your needs.

 

You can get back on this thread to stay informed if there are any updates regarding the availability of the feature of the pricing rule. If you have any other questions about the program's features, please don't hesitate to keep us posted. 

D
DD1959
October 25, 2024

hi,

how can i do this in Quickbooks Premier Plus Desktop?

A
Archie_B
October 25, 2024

Thank you for joining the thread, DD1959. I understand how important it is to have flexible pricing options for retail, wholesale, and distributors.

 

In QuickBooks Desktop Premier, the direct option to set multiple price points for each inventory item is currently unavailable. However, you can achieve a similar result using the available features such as billing rate levels and price levels.

 

Billing rate levels allows you to set custom service rates for different employees and vendors, which is useful when a standard rate is insufficient. For instance, you may need varied rates based on an employee's experience or task difficulty. After creating and associating billing rate levels, QuickBooks automatically applies the correct rate when you invoice billable time.

 

On the other hand, Price levels allows you to customize pricing for various customers or jobs. Once set up and associated with customers or jobs, QuickBooks automatically applies the correct custom price on invoices, estimates, sales receipts, sales orders, and credit memos. You can also manually adjust prices on sales forms. But keep in mind that price levels are automatically used for billable time and reimbursable mileage but not for reimbursable items and expenses from purchase transactions or invoices created from estimates.

 

Here's an article with detailed instructions on how to set up and use billing rate and pricing levels: Set up custom rates or prices for employees, vendors, or customers.

 

But if you want to have more control and precision to set conditions for item price, you can also consider upgrading to QuickBooks Desktop Enterprise which has an Advanced Pricing option. 

 

Keep me posted if you still have further questions or need additional assistance about managing your inventory, DD1959. We’re here to help you optimize your QuickBooks experience and meet your business needs. Have a great weekend!

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