Gross or Net? Choose Your Price Mode
Pricing is key factor in every business. Many parameters are taken in to consideration when setting price lists, but this is just one step in the road. Prices shown in documents reflect agreements with vendors and customers and may vary between wholesale and retail businesses. To optimize pricing clarity, SAP Business One introduces the option to work with two separate price modes – Gross and Net:
When activated, you define the relevant price mode for each business partner and each price list. You can assign price lists of price mode ‘Gross’ only to business partners with price mode ‘Gross’ and vice versa:
The price mode of the business partner is reflected in the documents created for the given business partner and affects relevant calculations such as gross profit. Note that this option is not supported in Brazil, India, and Israel.
Available in SAP Business One 9.3, version for SAP HANA and SAP Business One 9.3. This tip and all the other tips are available on the Tip of the week community page. You can also visit the Implementation Arena for useful implementation tips.