Understanding Price Lists
This document provides a insight of how price lists work in Zoho ERP.
What is price list in Zoho ERP?
Price Lists help you define and manage different pricing strategies for items. You can create price lists to offer special prices based on customers, countries, quantity, or time period, and automatically apply them to sales transactions instead of manually changing item prices.
What is the difference between unit and volume pricing in price list?
| Feature | Unit Pricing | Volume Pricing |
|---|---|---|
| Pricing basis | Fixed price per unit | Price varies based on quantity |
| Cost of item change with quantity | No | Yes |
| Requires quantity ranges | No | Yes |
| Best used for | Standard pricing for all sales | Bulk sales or quantity-based discounts |
| Example | During high demand, change the item price from ₹100 to ₹200 for all quantities | You can set the item price range: 1. 1–9 units (Retail orders): ₹100 per unit 2. 10–49 units (Bulk orders): ₹90 per unit 3. 50+ units (Wholesale orders): ₹80 per unit |
What is pricing method?
A pricing method determines how item prices are calculated in a price list. You can increase or decrease prices based on the selling price, purchase cost, or MRP, or define a custom rate for specific items.
Where can we apply price list?
You can apply price list in three ways:
- Customer or Vendor
- Transaction
- Transaction-level Item
What is the difference between Markup and Markdown in Price List?
Markup - Markup is used to increase an item’s base price by a fixed amount or percentage. It is commonly applied when you want to add profit over the cost, selling price, or MRP.
Markdown - Markdown is used to decrease an item’s base price by a fixed amount or percentage. It is typically applied to offer discounts, promotions, or special pricing.