Enhancing Pricing Flexibility: Introduction of 'Selling Price Priority' and 'Purchase Cost Priority' in QNE AI Cloud Accounting ©

Overview:
QNE AI Cloud Accounting has launched a new feature in the Sales and Purchase modules: 'Selling Price Priority' and 'Purchase Cost Priority'. This enhancement provides users with full control over how the system determines pricing in transactions. Users can now set priority rules to decide whether the system should use fixed price or last sales/last purchase price. Additionally, users can configure a priority sequence, ensuring that if a fixed price is unavailable, the system will automatically check the next priority, such as the last selling or last purchase price, before finalizing the transaction price.

Scenario:
A company sells various products, some with fixed prices and others with fluctuating market prices. With this new feature, the user can set 'Selling Price Priority' to first check if a fixed price exists for a product. If no fixed price is available, the system will automatically check the last selling price and apply it accordingly. Similarly, in purchases, the 'Purchase Cost Priority' allows users to establish a sequence where the system first checks the fixed purchase cost, and if unavailable, it will select the last purchase price instead. This structured approach ensures accuracy and flexibility in pricing management.

Solution:

1. Go to 'Company Name' > Click Advanced Options > Navigate to the Sales Tab or Purchase Tab.

The Priority Feature is located here.

2. Click Setup > Selling Price Priority will prompt out, same with Purchase Side.

• Action: By default, this feature is turned on. The system will check for the following price types that are enabled.
• + Icon: Users can hold the left mouse button and drag to change the sequence.

3.  Here a new created stock item, which only have List Price (Fixed Price), and don't have Last Selling Price yet.

4. As configured in Step 2, the system will assign the Fixed Price since there is no Last Selling Price available.  

5. Now, I will save a Sales Invoice transaction with a price different from the Fixed Price to allow the stock item to capture a Last Selling Price that differs from the Fixed Price.

6. Now, i will change Last Sales Invoices to 1st Priority, then Press OK

System will assign Last Selling Price.

Thanks.

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