Provisional Pricing

Provisional Pricing an be used on the Sales/Customer side or the Purchase/Supplier side of a transaction. This help file outlines the steps on the Sales side. 

Enable the setting

1. Check 'Use Provisional Pricing to enable this type of Sales Order and click Save.

Create the Sales Order

2. Create a new sales order

3. Select Order Type> Provisional 

4. On the Grade line detail, you will see a new provisional pricing row. 

Market price is todays product pricing. The Disc Amount is the discounted amount that you want to reduce the market price by. The Rate is the the % of the market price + Disc Amount you are going to charge the customer. The Days to Fix is the number of agreed upon days between you and your customer to fix the final market pricing. 

5. Save the Order in Open status. 

Shipping worksheet

6. Once the Shipping worksheet is completed, put it into Invoiced Status. 

7. Click save and click on the Adjustments tab of the worksheet. 

8. Click Adjustment> Sales Adjustment

Select the Sales Account for the sale and enter the Posting Date. this should be the date you are fixing the price. The Fixed Price is the market or agreed up on sales price, confirmed by your customer. The discount is the % off the market price extension. The Percent is the amount you are charging them of the Fixed Price + Discount. As you change these fields, you will see the Net Price change. When you select the line item from the packing list that you are fixing, the weight will populate.  The Amount is the total calculation. If there is a tax code for the customer, it will populate here. Check Posted for it to be applied. 

9. Click save.

10. Click the Overview tab of the worksheet to view the new updated pricing.

11. If you would like to use the Provisional Price Ledger to fix or review provisional prices in bulk, from the left hand menu click on Pricing> Provisional Pricing

If you have additional questions, please contact the Support Team via email to support@cietrade.net.