The NetSuite Multiple Prices feature allows to set different prices for individual items and services
Using the NetSuite Multiple Prices feature, it would be simple to set up a wholesale price and a retail price for each of the items.
How to Set Up NetSuite Multiple Prices
Multiple Prices feature in the Sales section of the Transactions tab in Enable Features.
Create Price Levels
NetSuite allows to set as many as 1,000 different pricing levels,
To create a new price level record, navigate to Setup > Accounting > Setup Tasks > Accounting Lists > New. On the Accounting Lists page, select Price Level from the list.
- To create a new price level, you’ll need to name the level. You can also select a markup or discount percentage.
- The percentage will be applied to whatever price is listed as the base price on an item or service record.
- If you’re editing an already-existing price level record, you can select the checkbox Update Existing Prices to automatically update the markup or discount of any items that are using this price level. You can also use the checkbox Online Price Level to designate the price that would be used in your online store.
Set Price Levels for Items
Navigate to the list of items (Lists > Accounting > Items) and select Edit next to one of your item records. On this item record, open the Sales/Pricing subtab. You’ll see a list of all your active price levels. The first price listed is the base price, and any following price levels that have an associated percentage will auto-populate off of the base price. Price levels that do not have an associated percentage will remain blank until you fill in your desired amount.
Set Price Levels for Customers
Set price levels for specific customers that purchase items within a pricing group. A pricing group is just a group of items that associate together to assist with purchasing and selling. To define a price level for a customer, open any customer record in Edit mode and scroll down to the Financial subtab. Then, select the Group Pricing subtab. Here, you can associate this customer with a specific pricing group and price level.
Using Price Levels on Transactions
associate a price level with each individual line item. For example, on a sales order you would scroll down to the Items subtab, select a specific item, and then use the dropdown in the Price Level column for that item to choose which price level will apply on this sales order.
if you are creating a sales order for a customer that has a price level listed for items in a pricing group, then if you add items that belong to that pricing group the related price level will apply.
