IC Settings - Prices tab

Navigator > Setup > Inventory Control > Settings > Prices tab

Markup Basis

Set the markup basis for markup percentages to calculate Selling Prices.

None	Markup percentages act as memo fields in IC (that is, they are not used in calculating Selling Prices) but can be used for markups in JC.
Standard	Markup percentages are applied to the standard cost to calculate the Selling Price.
Latest	Markup percentages are applied to the latest cost to calculate the Selling Price.
Average	Markup percentages are applied to the average cost to calculate the Selling Price.
Price Code	Markup percentages are applied to the Selling Price for the Price code specified in Default Markup Price Code. When you change to Price Code basis, on Save, you will be prompted to apply the Default Markup Price Code to all Price Lists without a Markup Price Code, which are not a source for Markups.

Default Markup Price Code

This is required when the Markup Basis is Price Code. Select the default Price Code.

Automatically Apply Markup

Selected, Selling Prices will be calculated on the specified Markup Percentage when a price with that Markup Basis changes.

Clear, Selling Prices will be calculated on the specified Markup Percentage:

When Markup prices (Ctrl+M) is clicked in IC Selling Prices & Markups grid.
During a Global Price Update when a Markup basis and Markup have been selected for Selling Prices.
During a Reprice from Components when a Markup basis and Markup have been selected for Selling Prices.

Stamp Modified on Sell Price Update

Selected, the Modified Date, Time and User Code for the product will update when Selling Prices are updated from Global Price Updates, Reprice from Components, Copy Price List, Price Book Import, and Automatic Markups.

Clear, will not update.

Stamp Modified on Cost Price Update

Selected, the Modified Date, Time and User Code for the product will update when Cost Prices are updated from AP Shipments, IC Receipts, IC Manufactures, Global Price Updates, Reprice from Components and Price Book Import.

Clear, will not update.

Update Non Diminishing Costs

Selected, the Latest and Average cost for Non Diminishing Products will update when Receipts are posted.

Clear, will not update.

Price Mapping

You can map up to 9 Price codes. Selling Prices and Markups for mapped Price codes are replicated into the IC Product file as SellingPrice1-9 and MarkupPercent1-9. They will be available for filtering and sorting Product records, can be customised into product lookups, and allow backwards compatibility for existing scripts and EDI import and export routines from versions prior to 2.5.