Enter Sales Part Rental Base Price

Explanation

This optional activity is used to set up rental base prices for sales parts. The sales part rental base price is used as a basis for creating rental price lists. The system uses the rental base prices to calculate rental prices for different price intervals for a specific part. The rental base price should not be mistaken for being the price entered on Sales Part/General. The rental base price is used for updating sales price lists.

When defining the rental base price, you must define the baseline price, the percentage offset and the amount offset. The rental base price is calculated from the baseline price with the percentage and amount offset taken into consideration. The baseline price is used as a starting point to which offsets can be added in order to get the desired markup before the rental base price is used. The rental baseline price can be defined manually but it is not linked to IFS/Costing.

In addition, it is possible to add a price break template to the rental base price. This is beneficial when several parts have the same characteristics regarding the price depending on the rental period and ordered quantity. In the price break template, you define rental duration and quantities with a percentage offset from the rental base price of the sales part. If the use of price break templates is enabled on sales price lists, rental duration, quantity and rental base prices are applied according to the price break template.

If new sales parts need to be added, they can be manually entered in the Sales Part Rental Base Prices window or, in a more automated way, via the Add New Sales Parts dialog box. This makes it possible to add several records simultaneously. For example, if a sales part is connected to several sites, you can enter a percent sign (%) in the Base Price Site field, adding a record of the sales part for every site to which it is connected.

Rental base prices can be entered, including tax, if the tax regime used is VAT. The tax code on the sales part, if it is taxable, controls the calculations. If a rental base price including tax is entered, then the rental base price net value will be calculated and vice versa. The baseline price will also be calculated according to entered offsets.

If the company tax regime is VAT, the price and tax calculations are controlled by the Use Price Incl Tax check box. The default value of the check box is fetched from the site, however, it can be changed if necessary.

If the Use Price Incl Tax check box is selected, the Base Price field is non-editable and the base price is calculated based on the value entered for the base price including tax value and the tax code. The Baseline Price Incl Tax field is editable and the Baseline Price field is non-editable. When you enter records, the price including tax value is fetched from the sales part to the Baseline Price Incl Tax field. The baseline price is back-calculated based on the tax code. The base price including tax is calculated according to the entered offsets. The base price is back-calculated based on the tax code.

If the Use Price Incl Tax check box is cleared, the Base Price Incl Tax field is non-editable and the base price including tax is calculated based on the value entered for the base price and the tax code. The Baseline Price field is editable and the Baseline Price Incl Tax field is non-editable. When you enter records, the price is fetched from the sales part to the Baseline Price field. The baseline price including tax is back-calculated based on the tax code. The rental base price is calculated according to the entered offsets. The rental base price including tax is back-calculated based on the tax code.

Prerequisites

This activity has the following prerequisites:

System Effects

As a result of this activity:

Window

Sales Part Rental Base Prices
Sales Price List

Related Window Descriptions

Sales Part Rental Base Prices
Add New Sales Parts
Sales Price List
Sales Price List/Rental Prices

Procedure

To add several records:

  1. Open the Sales Part Rental Base Prices window.
  2. Right-click, then click Add New Sales Parts.
  3. Click Online in the Execute section if you want to add the records immediately into the sales part base prices. Click Background Job if you want the records to be added as a background job.
  4. Optionally, enter the percentage offset and the amount offset from the baseline price in order to get the required base price.
  5. The sales part number, base price site and sales price group are entered by entering the short code or by using the List of Values. Only % can be used as wild card character. If only % is entered, all records connected to the values entered in the other fields will be added.
  6. Add the parts by clicking OK. An information message with the number of records added will be displayed if you chose online execution. If you chose background job execution, the number of records added is logged in the background job execution log.

To add a single record:

  1. Open the Sales Part Rental Base Prices window and click New.
  2. The user default site is automatically indicated in the site field. You can specify another site either by entering the short code or by using the List of Values.
  3. Specify the sales part in the sales part column by using the List of Values.
  4. The baseline price can be updated manually.
  5. Optionally enter the percentage and amount offset from baseline price in order to get the desired base price.
  6. If the company tax regime is VAT and the Use Price Incl Tax check box is selected, it is possible to enter a value in the Base Price Incl Tax field as well. The baseline and base price values are overridden with a calculated value using the percentage offset, amount offset and the tax code percentage used for the sales part.
  7. If required, specify a price break template.
  8. Save your base price record.