The price level created can be found on the item record within the Sales/Pricing tab. The base price is the standard price for an item, and once a base price is entered for the item, the various price levels will be automatically calculated based on the previously established discounts.
Once the setting has been made on the item, the price level can be selected and applied to the transactions.
Once defined, the pricing group will appear on the item records under the Sales and Pricing tab. An item can be assigned to a pricing group to create additional granularity in the price structure.
On the customer record, NetSuite also allows for the assignment of a "price level" to a pricing group. When the customer orders items from that group, the designated price level will automatically be applied to the orders and invoices, independent of the price level assigned to the customer. To add a pricing group to a customer record, navigate to the Finance tab, scroll to the bottom of the page, then click on the Price Group sub-tab. Select a pricing group and assign a price level to it, this will override the price level assigned to the customer record for items within that group.
When using price levels, the quantity discounts for each level will be automatically displayed when setting the base price.
A pricing schedule quantity can also be created in the accounting list.
NetSuite allows you to enter different discounts depending on the quantity and the price level.
The pricing schedule by quantity created can be established on the item record in the Sales and Pricing tab. By entering the pricing schedule, the matrix will be automatically filled in.
The marginal rates box can also be checked to apply the quantity discounts to each price tier separately. For example, if 15 items are ordered, items 1-9 will be sold at full price, and items 10-15 will be sold at a discounted price. The marginal rates box can be unchecked to apply the discount to all items in the order when 10 or more items are sold.
NetSuite also offers the option to choose the Quantity Discounts option to determine how items are taken into account for the quantity discount. The options available include:
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