Quickbooks Online Advanced

Welcome to the Community! I'm glad you joined us here and asked questions about setting different prices for the same items, Raja. 

QBO Advanced has a Price Rules feature. This will allow you to set up multiple rates for the same product which provides flexibility in your pricing strategies. 

Allow me to guide you through the process of setting this up. 

First, let's turn on the feature by following these steps: 

1. Go to the Gear or Settings ⚙ icon and select Account and Settings.
2. Proceed to the Sales tab.
3. In the Products and services section, select Edit ✎.
4. Select the Turn on price rules Beta checkmark.
5. Click Save and then Done.

Next, start creating the price rules. Here's what you need to do:

1. Go back to the Gear or Settings ⚙ icon and then select All Lists.
2. Select Price Rules and click Create a rule. 
3. Type in the name of the price rule. Then, enter any other details such as:
   • Set a date when the rule is active in the Start date and End date fields.
   • Price rules apply to all of your customers by default. If you only want it to apply to specific customers, Click the drop-down arrow for Select customers and choose Select individually. Then select Add customer. You can also add a customer type if you have them.
   • Price rules apply to all products and services by default. If you want it to only apply to specific types, select the Select products or services ▼ dropdown. Then select what you want to apply the rule to.
   • Use the Price adjustment method and Rounding ▼ dropdowns to decide how much you want to increase or decrease prices by.

When creating invoices or estimates, the applicable price rule will be applied automatically as you add items to them. This streamlines the process and ensures accurate pricing.

For more detailed information about Price Rules and their application in sales transactions, please refer to the following article: Set Price Rules In QuickBooks Online. 

To address your second question, QuickBooks Online allows you to customize the reporting period for your Trial Balance report. This provides you with the flexibility to view the report for specific dates or months as needed.

For detailed instructions and guidance about this, refer to the following article: Customize Reports In QuickBooks Online. 

Just in case you need additional guidance when selling products and customizing reports, I have some helpful resources to share with you:

• Add A Discount To An Invoice Or Sales Receipt In QuickBooks Online
• Common Custom Reports In QuickBooks Online

You can reach out to us again anytime you need further assistance when managing your sales item, different types of customers, and doing business in QBO as a whole. I would be more than happy to provide any support you require.