Calculate sales price from standard cost
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-You can have automatic sales price calculation from items that do not have any prices in Sales Prices entered. This works
-independently from Base Price factor, but if Base Price is set it works together with it.
+You can have automatic sales price calculation for items that do not have any
+prices in Sales Prices entered. This works independently from the Base Price
+List setting, but if the factor is set in the other Sales Type Lists it works
+together with them.
Preparing and operation
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Go into Setup tab - Company Setup.
-In the field, Add Price from Std cost, enter the % that you want to increase from the average standard costs for the items not.
-listed in the Item Price List. If this value is empty there are no automatic price calculations. BE aware that an increase value of 0 will
-calculate the price to be the same as the Std cost. So to remove the calculation, just empty the field. It will then get an internal value of -1.
+In the field, Base for auto price calculation, set a Base Price List.
+In the field, Add Price from Std cost, enter the % that you want to increase
+from the average standard costs for the items not listed in the Item Price List.
+If this value is empty there are no automatic price calculations. BE aware that
+an increase value of 0 will calculate the price to be the same as the Std cost.
+So to remove the calculation, just empty the field. It will then get an internal
+value of -1.
If the average standard costs is 0, the calculation would result in 0 as well.
-The field, Round to nearest xxx Cents, will round the calculated result to the nearest Cent entered. If you have 2 decimals in the amounts
-the value 100 would be divided by the xxx value. If you have 3 dicimans in the amounts the value 1000 will be divided by the xxx value.
-If there is no fraction, the value will be rounded up to the nearest xxx value. If there is a fraction, the value xxx will be subtracted from
-the value (100-xxx) or (1000-xxx).
+The field, Round to nearest xxx Cents, will round the calculated result to the
+nearest Cent entered. If you have 2 decimals in the amounts the value 100 would
+be divided by the xxx value. If you have 3 decimals in the amounts the value
+1000 will be divided by the xxx value. If there is no fraction, the value will
+be rounded up to the nearest xxx value. If there is a fraction, the value xxx
+will be subtracted from the value (100-xxx) or (1000-xxx).
Let us take an example:
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Value to increase the items with = 70 (%)
Round to nearest value = 5
-the pow(10, 2) = 100. 100 divided by 5 = 20 and no fraction. Price after increase = 20.77 * (1 + 70 / 100) = 35.309.
-Rounded to nearest 5 cent value = 35.35;
+the pow(10, 2) = 100. 100 divided by 5 = 20 and no fraction. Price after increase
+= 20.77 * (1 + 70 / 100) = 35.309. Rounded to nearest 5 cent value = 35.35;
Let us set the Round to nearest value = 95.
-The value 100 / 95 = 1 and a fraction of 95. The Price will still be calculated to 35.309. Now the value will be rounded to 36.00
-and subtracted by (100 - 95) = 35.95.
+The value 100 / 95 = 1 and a fraction of 95. The Price will still be calculated
+to 35.309. Now the value will be rounded to 36.00 and subtracted by (100 - 95) =
+35.95.
-So you see it is very flexible. If you have larger prices you can even round up to nearest 10, 100 by setting the rounding to
-nearest value = 1000 or 10000. But take care if you have different prices, large prices and small prices. It might not be a good idea to
-round a value of 10.77 to 100.
+So you see it is very flexible. If you have larger prices you can even round up
+to nearest 10, 100 by setting the rounding to nearest value = 1000 or 10000.
+But take care if you have different prices, large prices and small prices. It might
+not be a good idea to round a value of 10.77 to 100.
-If there is a base price list set and for instance a factor 0.7 the price list in foreign currencies are calculated as well.
-And again, if a 'Round to nearest' value is set to other than 1 the foreign prices are rounded in the same way as explained above.
+If there is a base price list set and for instance a factor 0.7 the price list in
+foreign currencies are calculated as well. And again, if a 'Round to nearest' value
+is set to other than 1 the foreign prices are rounded in the same way as explained
+above.
This new price calculaton should work with sales kits too.