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Jim2® Business Engine Help File

The Pricing tab is where all prices for this particular stock code are set or displayed.

 

pricing tab

 

The stock pricing grid allows setting the selling price of stock for each price level and/or particular customer. This information will be taken across to the job stock grid as stock is added to jobs.

 

On the Pricing tab you will see in the far right a field called Prices for. Here you can select the different unit measures and the prices in the grid will change to show pricing for each unit measure when multiple unit measures are in use.

 

As well as this, the stock pricing grid will carry over nominated price breaks if required, so that larger quantities of stock sold to specific price levels (or particular customers that are nominated) will attract calculated price breaks.

 

The default price calculation method have probably already been set up in the Stock Pricing options. View and/or change the price calculation method from within this grid.

 

Price calculation method refers to the method of calculating the selling price for a stock code for a particular price level. There are numerous price calculation methods that Jim2 can use. If applicable, GST is added after the price calculation has been completed.

 

Info

The price calculation method of List-Percent cannot be used when the price is greater than the list price and Pcnt % equals 0. To use List-Percent, either enter a - in the Pcnt % field (ie. -10), which will increase the list price by the percentage entered here.

 

Example

Stock code ABC has 2 price levels. These are Retail and Wholesale. The method of price calculation for this stock code for the Retail price level is Last COGS (what it cost to buy the stock) + Markup (the percentage to add to the cost). In this example, the last COGS is $50 and the Markup is 100%. The Retail price level selling price would be $100 ($50 + ($50*100%)), plus GST.

 

calc method

 

In this example the Wholesale price level will calculate at Last COGS + Markup, where the markup is 80%. As such, the selling price is $90 ($50 + ($50*80%)), plus GST.

 

See Stock Pricing for further information.

 

Volume price breaks

If customers are rewarded with better prices if they buy more of the stock, volume price breaks allow Jim2 to recalculate a selling price based on the quantity to be sold.

 

Example

Stock code ABC, has a Retail price level, calculated as Last COGS + 100% Markup, for selling 1 to 9 units. If the customer would like to buy 10 units, the selling price can recalculate to Last COGS + 80% Markup. This same price would be calculated for 10-19 units, then 20 units or more can force Jim2 to recalculate to Last COGS + 70% Markup. This recalculated price would then apply to all units of ABC sold in that job.

 

cogs price breaks

 

Minimum sale pricing

Minimum sale price level allows using any of the Jim2 pricing calculation methods to set the minimum sale price, instead of just a nominated price. For example, set it to Average Cost + 10%, thereby ensuring that nobody sells for less than cost plus 10%.

 

min sale price

 

If extra columns are not hidden in the pricing grid in the Stock Pricing setup screen the Price Calc. Method field will be shown, otherwise click the solid arrow symbol arrow symbol in the top left corner of the grid. This will show the method selected for price calculation.

 

Using the Fixed Price method, the prices will not be updated by any purchase prices. Using either Last Cost or Avg Cost to calculate the price, these will be constantly updated in relation to any purchase orders for that stock. Using the Price Level - Discount, there is an ellipsis [...] within the Base PL field. This is used for recalculating the list price pricing levels if the list price value is changed.

 

price calc method

 

The available price calculation methods are detailed below. Click down arrow to reveal the dropdown list.

 

Area

Field

Explanation

Price Options

(top grey area)

Last Cost

This is the last cost price recorded on a finished PO for this stock code. Last cost looks at 3 things: Vendor tab last updated (this needs to be manually updated), Received PO and any stock adjustments and takes the latest date from these 3 and updates Last Cost.

Last COG

This is the last cost price and on-cost/landed cost recorded on a finished purchase order and expense order for this stock.

Max COG

This is the maximum cost price paid for remaining quantities (stock on hand) of this stock code, including on-costs/landed costs.

Avg. Cost

This is the average cost price of remaining quantities (stock on hand).

Avg. COG

This is the average cost price of remaining quantities (stock on hand) of this stock code, including on-costs/landed costs.

Avg PO COGS

This is strictly the average cost price paid for this stock, including on-costs/landed costs. Jim2 will recalculate this figure each time a purchase order is finished. Vendor price feeds will not affect this pricing.

List Ex. (or Inc.)

This is a field which can be used to enter a recommended selling price, including or excluding GST. The GST option is dictated by the preferred Calc Tax Total From field in Tools > Options > Stock Pricing.

List Effective (date)

This field has no actual function. However, when stock is imported and there is a change to the List price ex, the date will populate/change to reflect the date it changed.

Price Template

Here, choose from a predefined list of price levels and calculation methods for this stock group. For example, set up a price template for stock which is grouped as paper products, and another one for toner, etc. Price templates can be set up in Tools > Setups > Stock > Price Templates.

Prices for

This displays the unit measure that the pricing fields are based on, ie. the prices are applicable to selling this stock as a UNIT, BOX, DOZ, etc.

Pricing Grid

Price Level

Sets a price level for this price level line, eg. Wholesale, Dealer, Retail, etc.

 

Info

Note: The price level on the customer record must match a price level on the stock record. Whilst a stock record may have more than one price level, it will pick the one that matches the cardfile price level.

Price Calc Method

The method of setting the prices for this price level, eg. Fixed, Discount, Avg. COGS + Margin, etc.

 

Price calculation method

Explanation

Fixed Price

A fixed price which is not altered by new purchase prices, etc.

Last COGS + Markup

The last COGS (cost of goods sold) of the stock, plus a percentage markup. (Markup is the amount by which the cost of a product is increased in order to derive the selling price. For example, a markup of $30 from $70 yields a selling price of $100. Or, stated as a percentage, the markup percentage is 42.9%, calculated as the markup amount divided by the product cost.)

Avg COGS + Markup

The average COGS of the *stock on hand plus a percentage markup.

Max COGS + Markup

The maximum COGS of the *stock on hand plus a percentage markup

Last COGS + Margin

The last COGS of the stock plus a margin. (Margin is sales minus the cost of goods sold. For example, if a product sells for $100 and costs $70 to manufacture, its margin is $30. Or, stated as a percentage, the margin percentage is 30%, calculated as the margin divided by sales.) Last COGS is based on all costs asssociated with that stock, including stock adjustments, vendor stock feeds, etc.

Avg COGS + Margin

The average COGS of the *stock on hand, plus a margin.

Max COGS + Margin

The maximum COGS of the *stock on hand, plus a margin.

Last PO COGS + Markup

The selling price is cost of goods plus markup, based only on the last actual PO COGS. COGS in this are only based on Cost COGS on the PO.

Last PO COGS + Margin

The selling price is cost of goods plus margin, based only on the last actual PO COGS. COGS in this are only based on Cost COGS on the PO.

List – Discount

The list price minus a percentage amount (which can also be 0, ie. in a retail situation). When selected, this will show on an invoice report.

List – Percent

The list price minus a percentage (which can also be 0, ie. in a retail situation). This will not show on an invoice report.

Est Cost + Markup

The Vendor Tab estimated cost plus a percentage markup.

Est Cost + Margin

The Vendor Tab Estimated Cost plus a percentage margin.

Price Level – Discount

The price level minus a percentage, which can be 0%. This will not show on an invoice report.

Price Level – Percent

The price level minus a percentage, which can be 0%. This will not show on an invoice report.

Specific Customer

Select a specific customer to give them a special price on this stock item.

 

Base PL

Choose to use a different price level to base a discount amount on, for instance.

Tax

* Avg COGS is the original price method based on an average cost price of what is in stock, ie. 2 in stock at $100, plus 2 in stock at $80 – Jim2 will work out the average cost to be $90. Avg COGS is affected if you have stock feeds enabled. This means you might buy 3 of a part for $100 each, so the Avg COGS is $100. Then you get a new price feed from a supplier and their price is $150 per unit. The Avg COGS price is adjusted to that new price. 

Pcnt %

Est Cost + Markup

Price Ex.

Est Cost + Margin

Price Inc.

Avg PO COGS + Markup

Discount Prices in the Grid.

Only one group is explained here, but a total of four can be set up, with different discount levels (%)

>=Qty

Avg PO COGS + Margin

Pcnt %

Price Level – Discount

Price Ex.

Price Level – Percent

Price Inc.

The price including tax for this discounted quantity of stock.

 

Special Stock covers stock where costs from the supplier will fluctuate. Special stock is also uniquely purchased for a specific job. The cost of goods will be taken across to the job when the stock is added, hence it uses the Exact COGS rather than the Last COGS.

 

For Special stock, also use Exact Cost + as per below. Once the special stock is selected on a job, the price will be the exact cost of the stock plus the percentage as set up here.

 

special stock calc method

 

Info

Within the price grid, some fields are not editable and are shown in a light grey colour. These are calculated fields and are dependent on other field values to calculate their values.

 

stock pricing tab

 

In the Stock tab of the Options screen the default calculate tax on Actual Selling Price would have been chosen. This selection will affect how prices are calculated.

 

Add each price level code to the grid, and the Cust# of anyone to provide special pricing to.

 

Info

If a Cust# is nominated in the price level grid, each job for that customer with that stock will attract the special price and price breaks automatically. To signal that special prices apply, the job stock grid line on jobs for that customer will be coloured green.

 

cust price

 

The pricing entered is based upon the base unit measure. By default, when viewing the Transactions tab in a stock record, it will show the pricing based on the Sell unit. Use the dropdown list at the top of the pricing grid to switch between the different unit measures (if applicable), to view the selling price of those.

 

mtr roll

 

Info

Within this grid right click to Show Customer Price Rows and Show Stock Cost. The Show Customer Price Rows relates to custom pricing for certain card codes, and whether it is to be displayed in view mode or not. The Show Stock Cost relates to the cost fields above the pricing grid.

 

Within the stock grid objects in Jim2 there is a solid arrowhead arrow symbol in the top left corner. Clicking this arrow will expand/collapse columns within the stock grid.

 

expand stock grid

Not all columns are showing in this image

 

To enter prices, click the ellipsis [...] within the Price Inc. field (or Price Ex., depending on how stock pricing has been set up), to access the Calculate Sale Price screen. This can only be performed in Edit mode.

 

calc sale price

 

Expanded pricing grid fields explained

Field

Purpose

Price Level

Select the price level code: Retail, Wholesale, etc. Select the required code, or enter the price level number.

Price Calc Method

The method used for price calculation. Make a choice from the dropdown list.

Base PL

Choose to use a different price level to base a discount amount on, for instance.

Tax

The tax type, eg. G for GST.

Pcnt %

Percentage of markup.

Price Ex.

Add the tax free selling price of each unit measure.

Price Inc.

Calculated tax paid selling price of each unit measure.

>= Qty

Add the quantity of the first price break (eg. 10 or greater).

Pcnt %

Percentage of markup.

Price Ex.

Add the tax free selling price of each unit in the first price break.

Price inc.

Calculated tax paid selling price of each unit in the first price break.

>= Qty

Add the quantity of the second price break (eg. 20 or greater).

Pcnt %

Percentage of Markup.

Price Ex.

Add the Tax Free selling price of each unit in the second price break.

Price Inc.

Calculated Tax Paid selling price of each unit in the second price break.

>= Qty

Add the quantity of the third price break (eg. 30 or greater).

Pcnt %

Percentage of markup.

Price Ex.

Add the tax free selling price of each unit in the third price break.

Price inc.

Calculated tax paid selling price of each unit in the third price break.

>= Qty

Add the quantity of the fourth price break (eg. 40 or greater).

Pcnt %

Percentage of markup.

Price Ex.

Add the tax free selling price of each unit in the fourth price break.

Price inc.

Calculated tax paid selling price of each unit in the fourth price break.

 

Info

Jim2 pre-calculates and stores all pricing in real time, as pricing changes. This allows immediate and easy updating of websites, price lists and bulk price updates, to name just a few.

 

Price Background Colours

White


Price level pricing.

Pink


Contract price level pricing.

Green


Customer specific pricing.

Yellow


Manually entered pricing.

 

Further information

Stock Costs