PD Change Price and Cost Entry overview

Pricing and Discounting > Entry > Change Price and Cost

Function acronym: PDEC

Use this page to update the base price, list price, price type, and costs for existing inventory products. You can also set up list prices and base prices for products.

If you specify a warehouse as a search parameter, the existing prices and costs for a product are displayed. The new values are displayed when you click Update. If you do not specify a warehouse, the new values are not displayed because all warehouses are updated.

Caution: 
After you update product records, you cannot reverse the changes. You must manually change the records or enter the negative equivalent of the original transaction. The changes that you make update Product Warehouse Product Setup records and the General Ledger.

Because the updates are sequenced, you can make one change that depends on another change. For example, you can increase the replacement cost by 10% and make the base price 200% of the replacement cost.

Circular references are not permitted. For example, you cannot make these changes:

  1. Calculate a new base price from the existing replacement cost
  2. Recalculate the new replacement cost from the existing base price

If you value inventory with the replacement or standard cost and make a change to the costs, a journal is opened if you are allowed to change General Ledger or Sales Manager cost, based on your operator record. All appropriate posting to General Ledger is recorded to keep the inventory subsidiary journal in balance with the General Ledger. Divisionalized accounting, special pricing, and costing is also considered when the net posting amount is calculated. The standard or replacement cost is not updated if you are not allowed to make the change, based on your operator record.

Price changes are posted to accounts from Product General Ledger Distribution Setup. If accounts are not found in Product General Ledger Distribution Setup, the default accounts from your SA Operator Setup record are used. If accounts are not found on your operator record, the changes are posted to the suspense account.