Enter your Sign on user name and password.

Forgot password?
Sign In | Subscribe
Start learning today, and be successful in your academic & professional career. Start Today!

Use Chrome browser to play professor video
Aaron Woolley

Aaron Woolley

Entering Sales Information, Part 2

Slide Duration:

Table of Contents

I. Introduction
Bookkeeping Basics

10m 25s

Intro
0:00
The Accounting Equation
0:10
Assets
1:15
Liability
2:19
Equity
3:11
Debit vs. Credit
4:10
T Account
4:40
How Your Bank Treats Your Account
5:02
Your Books
6:08
Chart of Accounts
7:15
Balance Sheet Accounts: Assets
7:25
Balance Sheet Accounts: Liability
7:40
Balance Sheet Accounts: Equity
8:22
Income Statement Accounts
9:03
Income
9:06
Expenses
9:26
Net Income
9:48
Getting Started

16m 34s

Intro
0:00
Using Forms
0:13
How to Edit Customer Form
1:06
How to Edit Vendor Form
1:37
Using Lists
2:34
Customer Lists
2:39
Vendor Lists
2:47
Employees Lists
2:59
Using Registers
3:16
Check Register
3:22
Chart of Accounts
3:40
How to Use Register
6:27
Getting Around QuickBooks
7:54
Navigating Through the Home Screen
8:08
Managing Employees
9:59
Managing Open Windows
11:23
The Menu Bar
12:02
The Icon Bar
12:28
QuickBooks Centers
12:50
Customers, Vendors, Employees Center
12:53
Banking Center
13:06
Report Center
13:38
Lead Center
13:46
Search Information
14:17
How to Search for Information on a Customer
14:28
The Homepage & Workflow
15:12
The Chart of Accounts: Assets, Liabilities, Equity
15:37
How to Access Chart of Accounts
15:45
Setting Up QuickBooks

20m 51s

Intro
0:00
The Express Start
0:23
Create New Company
0:49
Entering Company Information
0:55
Enter Business Contact
2:24
Preferences
4:16
Adding Contacts
4:22
Adding Products and Services
4:28
Adding Bank Accounts
5:26
Review the Chart of Accounts and Customize
6:10
Check Chart of Accounts Set Up
6:48
How to Add To Chart of Accounts
7:20
Entering Bank Accounts and Opening Balances
8:00
Edit New Bank Accounts
8:28
Add New Bank Accounts
8:52
How To Open Balance
9:58
Adding Customers
10:27
How to Add New Customers
11:05
Adding a Job
12:33
Add New Job For Customer
12:50
Adding Vendors
15:01
Access Vendor Center
15:17
Add New Vendor
15:33
Adding Additional Accounts
16:33
Adding New Accounts in Chart of Accounts
16:53
Adding Items (Products & Services)
18:06
Add New Item to Sell
18:45
II. Working With Lists
Working With Lists, Part 1

31m 24s

Intro
0:00
Editing The Chart of Accounts
1:08
Edit Account
5:10
Adding Subaccounts
6:17
New Subaccount
7:50
Working with Customers & Job Lists
11:32
Add new customer
13:25
Providing Additional Customer Information
17:50
Providing Customer Payment Information
22:10
Working with the Vendor Center
24:08
Add new vendor
25:50
Providing Additional Vendor Information
28:28
Working With Lists, Part 2

46m 1s

Intro
0:00
Working with the Employee Center
0:24
Add new employee
2:01
Add contact information
4:02
Additional employee information
5:31
Employment information
6:26
Adding Custom Fields for Customers, Vendors, Employee List
7:28
How Many Lists You Can Add And For Who
8:46
How to Add Customer List
9:35
Define Fields
10:37
Adding Custom Fields for Items
13:26
Open Item List and Edit
14:15
Define Fields/ Setup Custom Fields For Items
15:54
Managing Lists
17:01
Ways to Sort Lists
17:14
Add Items to Chart of Accounts
17:32
Add Owner's Equity, Draw, and Contribution under Equity Account
17:59
Sorting Lists Manually
19:31
Making Sub Accounts
20:35
Sorting Lists
23:26
Sorting Lists in Ascending or Descending Order
23:54
Sort by Name, Balance, etc., Ascending or Descending
24:26
Merging List Items
26:08
Merging Vendor Example
26:53
Renaming List Items
28:55
Renaming Item Example: Checking Account
29:13
Deleting List Items
29:56
Deleting Customer Example
31:19
Viewing Inactive and Active Customers
32:32
Printing a List
33:26
Printing Customer List
33:58
Printing for Just One Customer
34:40
Print Particular Info for One Customer
35:08
Adding or Editing Multiple Items at One Time
37:04
Example: Changing a Zip code
37:39
Working with the Lead Center
41:43
Finding the Lead Center
42:09
Add New Leads
43:05
Add Multiple Contacts to Lead Center
44:34
Convert a Lead to a Customer
45:16
III. Accounts
Working With Bank Accounts

29m 11s

Intro
0:00
Writing a QuickBooks Check
0:30
Amount field
3:59
Other fields
5:27
Print check
7:00
Using Bank Account Register
7:40
Entering a Handwritten Check
9:45
Transferring Money Between Accounts
16:33
Funds Transfer Option
17:24
Transfer with Check Register
19:18
Marking Cleared Transactions
20:57
Bank Statement
23:31
Reconciliation Summary
26:11
Viewing Cleared Checks in the Register
27:05
Searching for Specific Check Amount
27:40
Using Other Accounts in QuickBooks

13m 25s

Intro
0:00
Other Account Types in QuickBooks
0:36
Tracking Credit Card Transactions - Entering Credit Card Charges
0:58
Reconciling Credit Card Statement
3:52
Reconcile Credit Card
5:00
Marking Cleared Transactions
5:57
Paying a Credit Card Bill
8:11
Entering Bills
8:34
Writing a Check
10:15
Using Other Accounts: Assets & Liabilities

30m 16s

Intro
0:00
Working with Asset Accounts: Setting up an Asset Account
1:24
Add New Account
2:30
Enter Opening Balance
4:34
Setup Asset Account to Track Depreciation
7:33
Add Subaccounts: Cost & Depreciation
10:32
Enter in Depreciation of Transactions
13:01
Working with Liability Accounts: Tracking a Loan / Long Term Liability
15:39
Add Long Term Liability / Loan Account
17:09
Tracking Fixed Assets
20:29
Add New Asset
21:36
Recording a Payment on a Loan
24:23
Understanding Equity Accounts
27:03
Add New Equity Account
29:20
IV. Sales Information
Entering Sales Information, Part 1

24m 23s

Intro
0:00
Using Sales Forms - Various Types of Sales Forms
0:07
Invoice Overview
0:56
Sales Receipt Overview
3:09
Generate Statement
4:38
Choosing a Template for Sales Forms
6:00
Filling in Customer Information
7:54
Create an Invoice
8:04
Invoice in Accounts Receivable Ledger
10:28
Repeating a Sale - Memorized Transactions
11:36
Memorize Invoice
12:52
Memorized Transaction List
14:01
Batch Invoices
14:55
Create Batch Invoice
15:21
Entering a New Service Item
20:13
Add new service
21:25
Entering Sales Information, Part 2

12m 33s

Intro
0:00
Using Multiple Price Levels - Create New Price Level
0:07
Create Price Level List
1:49
Associating Price Level with Customers
4:27
Edit Customer
5:53
Using Price Levels on Sales Forms
7:09
Choose Rate
8:56
Assigning Price Levels To Individual Line Items
10:38
Entering Sales Information, Part 3

22m 33s

Intro
0:00
Managing Overdue Customer Payments - Using the Collections Center
0:21
Collections Center
0:39
Create Invoice Letters
2:00
Prepare an Invoice Letter
3:09
Generating Reminder Statements
7:32
Assess Finance Charges
9:14
Preview Statement
9:42
Processing Sales Orders - Invoices Against Sales Orders
10:28
Open Sales Orders by Item
12:04
Create an Invoice
13:24
Tracking Back Orders
14:36
Create Invoice from Sales Order
16:37
Receiving Items
18:21
Check Item List / Inventory
19:22
Create Sales Order
19:58
V. Payments & Deposits
Receiving Payments & Making Deposits, Part 1

12m 40s

Intro
0:00
Recording Customer Payments - Record a Payment in Full for a Single Job
0:20
Receive Payments
0:40
Undeposited Funds Account
2:25
Entering a Partial Payment
3:42
Assign Payment
6:36
Applying One Payment to Multiple Jobs
8:10
Entering Overpayments
9:44
Leave or Refund Amount
10:51
Issue a Refund
11:28
Receiving Payments & Making Deposits, Part 2

15m 8s

Intro
0:00
Handling Down Payments or Pre-payments
0:07
Apply Credits
4:30
Making Deposits - Selecting Payments to Deposit
5:58
Payments to Deposit
6:26
Make Deposit
8:02
How QuickBooks Handles the Deposit
10:16
Entering & Paying Bills

22m 1s

Intro
0:00
Handling Bills in QuickBooks
0:23
Using QuickBooks for Accounts Payable
2:24
How to Bring up the Accounts Payable Register
3:04
Entering Bills
4:03
Enter New Bill
4:30
Add Vendor to List
6:29
See the Balance
8:48
Paying Bills
11:17
Turning on Reminder List
11:49
How to Pay a Bill
13:34
How to Print the Checks
16:21
How QuickBooks Records Your Bill Payment
17:08
How to See Your Checking Account / Bill Payment Check
18:38
VI. Analyzing Financial Data
Analyzing Financial Data, Part 1

11m 42s

Intro
0:00
Understanding Your Business Using Reports
0:11
When to Use a Quick Report
2:41
Creating Quick Reports
3:05
How to Look at Details for Quick Reports
4:05
Zoom In on a Quick Report
5:19
What You See When You Zoom In On An Item
6:06
Customizing Quick Reports
6:53
How to Customize A Report
7:28
How to Add Transaction Number to QuickReport
7:57
How to Move Columns Around
8:14
How to Change Header
9:42
Analyzing Financial Data: Create & Customize Preset Reports

29m 26s

Intro
0:00
Creating and Customizing Preset Reports
0:35
Company & Financial
0:54
Customers & Receivables
1:04
Sales
1:53
Jobs, Time & Mileage
1:55
Vendors & Payables
2:35
Purchases
2:45
Inventory
3:06
Employees & Payroll
3:22
Banking, Accountant & Taxes, Budgets & Forecasts
3:43
Lists
3:49
Industry Specifics
3:54
Using the Report Center
4:37
Categories of Standard Reports Available
5:15
Creating a Balance Sheet Comparison Report
7:29
Filtering Reports
9:50
Customize Report
10:20
Saving Reports in PDF Format
13:58
Creating and Customizing a Sales Report
15:24
How to Change the Date to a Custom Date
16:30
Using Quickzoom in a Preset Report
17:49
What is Quickzoom?
17:55
How to Zoom
18:19
Widening and Narrowing Reports
19:59
Saving Report Settings and Creating Memorized Report Groups
20:50
What are Memorized Reports and What Are They Used For
21:04
Memorized Reports List
21:43
How to Create A New Memorized Report
22:19
Memorizing Preset Reports
22:48
Saving Report
24:14
Adding Reports to Memorized Report Groups
24:42
Adding Reports
26:49
How to Display Reports
28:50
Analyzing Financial Data: Printing, Exporting, and Quickinsight Graphs

30m 12s

Intro
0:00
Printing Reports
0:17
Preview Before Printing
2:34
Processing Reports in Groups
3:38
How to Run Reports in Groups
4:51
How to Display All Reports in a Group
6:09
Exporting Reports to Microsoft Excel
7:15
Purpose of Why People Export To Excel
7:48
Sending the Report to Excel
9:13
Formatting Options
12:08
Changing Filters
14:30
Choosing and Changing Different Filters
16:30
Creating Quickinsight Graphs
17:51
Creating an Income and Expense Graph
18:41
How to Create the Graph
19:46
How to Read the Pie Chart
20:05
Customizing Graph Data
24:16
Choosing by Customer Instead of Account
24:50
Using Quickzoom with Graphs
25:10
How to Zoom on a Particular Customer
26:15
Customizing How Graphs Display
28:31
How to Change Graph Into 2D
29:03
VII. Inventory
Setting Up Inventory

23m 51s

Intro
0:00
Turn On Inventory Feature
0:43
Enter Products Into Inventory
1:44
Entering Product Through Vendor Menu
2:07
Add New Item
2:43
Reordering Item and Reminders
6:00
Ordering Products/ Creating P.O's
7:02
How to Create Purchase Orders
8:05
Look Up Outstanding Orders
10:46
Getting a Report of Purchase Orders
11:34
Choose and Open Quick Reports
12:48
Receiving Inventory
13:47
Receiving Inventory Without an Invoice
14:13
Reviewing the Inventory List
15:38
Entering a Bill for Inventory
15:59
Entering Bill for Received Items
16:45
Manually Adjusting Inventory
18:31
How to Get to the Adjust Quantity On Hand Page
19:16
Add New Account
20:23
Check and Review Inventory List
22:59
Inventory: Tracking Finished Goods

22m 10s

Intro
0:00
Use Group Items or Create Inventory Assets?
1:57
Tracking Items Through Group Items
3:02
Using Inventory Assembly
3:42
What is a Bill Point?
4:58
Setting a Default Markup
6:16
Adding a Basic Mark Up
6:31
Add a Labor Item to Use in Assemblies
7:26
How to Add New Labor Item in Assembly
7:53
Creating Inventory Assembly Items
9:54
Adding New Assembly Item to Inventory
10:40
Adding in Assembly Labor
14:22
Editing the List
14:53
Building Finished Goods
16:05
Changing Sales Price
16:48
How to Build Assemblies
17:51
Understanding the Effects of Building Items
19:24
Run Report to Generate Item List
20:24
Inventory: Units of Measure

13m 14s

Intro
0:00
Setup Single Unit of Measure
2:12
How to Edit Unit of Measure on an Item
3:18
Setup Multiple Units of Measure
5:32
Setting up Preferences to Multiple Units of Measure Per Item
6:13
How to Edit Multiple Units of Measure on an Item
6:49
Assign Units of Measure to Items
8:44
Edit Items to Assign UN Set
9:01
Assign Measure Sets
9:42
Open Purchase Order and Select Unit of Measure
10:41
Use Units of Measure on Sales Forms
12:47
VIII. Tax
Tracking and Paying Sales Tax

21m 41s

Intro
0:00
Setup Tax Rates & Agencies
0:44
Setting Up Sales Tax Code List
0:55
How to Set up Tax Rate for Example City
3:26
Add New Item to Item List
3:46
Checking and Editing Item Through Vendor Center
7:20
Grouping Single Taxes
7:50
Why Taxes are Grouped
8:05
Creating New Sales Tax Group
8:59
Choose Tax Item to Add Into Group
9:51
Indicate Who and What Gets Taxed
10:45
Add New Customer To Assign Tax To
11:06
Invoicing Customer
13:03
Apply Tax to Sales
14:30
Editing Item and Choosing Tax Rate
14:53
Create a Sales Tax Liability Report
15:26
File Sales Tax Return/ Creating Liability Report
15:40
Use the Sales Tax Register
18:14
How to Read the Sales Tax Payable
18:35
Paying Your Tax Agencies
19:34
How to Pay Sales Tax
19:52
Choosing Which Items to Pay For
20:21
Print Checks
21:06
IX. Payroll & Invoice
Payroll Basics

17m 56s

Intro
0:00
Setup Payroll Items
0:54
Add to Subscription
1:07
Add Employee
2:26
Creating and Adding Personal Information
3:41
Adding Payroll/Compensation Information
4:43
Setup Taxes
6:27
Make a Payroll
8:36
Start a Scheduled Payroll
9:49
How to Edit Each Employee's Payroll Summary
10:30
Custom Items on Payroll
12:12
Print Payroll Checks
14:36
Print Later
14:39
Pay Payroll Liabilities
14:49
Forward Taxes to Authorities
15:06
Generate/Sending Check
15:46
IX. Payroll, & Invoice
Estimating & Progress Invoicing

14m 29s

Intro
0:00
Turning On Estimates and Progress Invoicing
0:21
Create a Job
1:30
Adding new job
2:22
Create an Estimate
5:14
Printing Estimate
7:56
Create Progress Billing
8:22
Invoice Estimate
8:32
Run Report: Job Progress Invoice vs. Estimate
10:46
Update Progress on Job Status
12:25
Edit Job Status
12:34
Make an Estimate Inactive
13:20
X. Time Tracking
Time Tracking

17m 16s

Intro
0:00
Turn on Time Tracking
0:23
Entering Time Data
1:27
How to Enter Time for Labor Per Job
2:45
How to Start Time Ticker While On Job
4:22
Recording Employee Time on a Weekly Timesheet
5:40
Use Weekly Timesheet
6:17
Enter Reimbursement Costs
7:59
Write the Check
8:38
Invoice a Customer for Time and Costs
10:19
Create an Invoice
10:33
Invoice for Time for Labor
11:54
Reports: Time by Job Reports
13:13
Paying Non Employees for Time Worked
14:27
Using Time Sheet & Jobs
16:37
XI. Customizing Forms & Writing QuickBooks Letters
Customizing Forms and Writing QuickBooks Letters

13m 43s

Intro
0:00
Customizing Invoices
0:10
Create Invoice
0:34
Customize Invoice
1:10
Downloading New Layouts
2:50
Create New Design
3:10
Designing Custom Layouts for Forms
5:11
Layout Designer
7:08
Using QuickBooks Letters
9:56
Create an Invoice Letter
10:22
Collection Center
11:49
Email From Collection Center
12:31
Loading...
This is a quick preview of the lesson. For full access, please Log In or Sign up.
For more information, please see full course syllabus of QuickBooks
  • Discussion

  • Download Lecture Slides

  • Table of Contents

  • Transcription

  • Related Books

Start Learning Now

Our free lessons will get you started (Adobe Flash® required).
Get immediate access to our entire library.

Sign up for Educator.com

Membership Overview

  • Unlimited access to our entire library of courses.
  • Search and jump to exactly what you want to learn.
  • *Ask questions and get answers from the community and our teachers!
  • Practice questions with step-by-step solutions.
  • Download lesson files for programming and software training practice.
  • Track your course viewing progress.
  • Download lecture slides for taking notes.
  • Learn at your own pace... anytime, anywhere!

Entering Sales Information, Part 2

Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.

  • Intro 0:00
  • Using Multiple Price Levels - Create New Price Level 0:07
    • Create Price Level List
  • Associating Price Level with Customers 4:27
    • Edit Customer
  • Using Price Levels on Sales Forms 7:09
    • Choose Rate
  • Assigning Price Levels To Individual Line Items 10:38

Transcription: Entering Sales Information, Part 2

Welcome back to Educator.com.0000

This is QuickBooks lesson regarding entering sales information.0003

We are going to go ahead and begin this lesson by using multiple price levels and how to create new price levels in QuickBooks.0008

Now, understanding the last lesson we had, there is a previous lesson where we actually created a new service item,0016

so, that this sample company could begin selling that new service item and those services and products.0024

So, we showed you how to add new service items or new sellable items and products by using the Item list under Lists.0032

Those are all of our different products and lists.0041

Now, we are going to go ahead and show you how to do a price level.0044

For instance, we might have a standard rate for most of our customers when we sell a product or service.0048

But, we might have a special discount for, maybe, a type of customer that we have,0055

maybe commercial customers that we are offering, maybe, a 10% discount for those products and services across the board.0060

So, on our retail section, we might have our retail clients where they are getting the standard rate.0068

But, then, when we have a commercial client, we are giving them a 10% discount.0074

So, we are going to go ahead and show you how to create a pricelist for a certain type of customer.0079

In order to do that, we are going to go ahead and look at our pricelist, and we will look at under Lists, we will notice that we have a Price Level List.0086

So, we will click on that and see that we have certain types of price levels for discounts or other types of varied items.0097

What we want to do now is we are going to create a price level list that is called Commercial for commercial clients.0110

Maybe we are going to offer that 10% discount across the board on every item that we sell, products and services for our commercial type clients.0117

So, in order to do that, under the Price Level List, there is the dropdown button under Price Level on the lower left hand corner.0127

We are going to go ahead and click on the dropdown button, and we will click on New.0135

Again, notice how QuickBooks is uniformed in all of their forms and how to create items and new chart of accounts and new customers from our lists.0140

It is always in the same area, so we will click on New, and here, under the Price Level Name, we are going to type in Commercial.0150

So, we are creating a new price level called Commercial. Under the Price Level Type, we will use the dropdown field.0161

Now, take a note that the Price Level Type field is only selectable with QuickBooks Premier or higher.0169

So, if you are actually using QuickBooks Standard or Basic, you are not going to have that particular option.0176

You can still add price levels, but you only have a certain...you will not have this option.0183

But, with the option of having QuickBooks Premier or higher, QuickBooks Enterprise or Account version, we will go ahead and choose the fix percentage.0191

Under the Price Level will, if you use that dropdown menu, it gives you either Decrease or Increase.0206

In this case, for commercial, we want to decrease those items by 10%.0216

Now, here, we have an option of decreasing the standard rate of that item, any given item, and rounding it to the nearest dollar or 10 cents or 1 cent.0224

We can round it up, round to the nearest penny- 2 pennies, 10 pennies, whatever.0236

In this case, we want to round it to the nearest whole dollar minus 1 penny.0241

We will show you how that actually effects when we get into applying that discount, that price level to a billing.0247

Now, we will go ahead and click on OK, and we have added that new price level list.0257

Next, we are going to go ahead and discuss how to associate a price level with customers.0268

So, we can actually assign certain customers to have that price level every time we invoice them,0274

so that it is not mistaken that we do not overbill them or underbill them.0279

And we are billing them according to whatever we have made an agreement with them on.0284

You might have certain customers that you give a larger discount because of other negotiations that you might have made.0287

So, we are going to go ahead and show you how to do that, and I am going to close the Price Level list.0296

And we are going to go into the Customer Center bar, the menu option under Customers. We can look at our Customer Center.0303

Of course, we also know we can enter and get into the Customer Center by choosing the Customer0311

dropdown icon up the Customer menu item and choosing the Customer Center from here, as well.0317

Under the Customer Center, we are going to notice that there is a...we are going to find a particular client here.0326

And we will see if we can find a client named Lou Plumbing-C.0335

And we will choose that if you can find Lou Plumbing if you are using the sample company, sample Rockcastle Construction that came with this lesson.0343

We are going to look at that, and we are going to edit the customer over here in the upper right corner of that customer.0352

After we see that, we see the general information, we are going to choose Edit customer.0358

And now, if you get a message that says Add or Edit multiple list entries, items,0366

the feature appears, any other message, just go ahead and click OK and close that window.0372

But, you should be to the Customer Information here on the Address tab defaulting there.0377

We are actually going to click on the Additional Information tab.0382

And from here, we are going to see the Price Level option on the upper right of that screen.0388

We will drop that menu down, and we are going to see the new price level that we just added, and we are going to choose Commercial.0395

So, we have taken care of that and chosen that. We are going to go ahead and click on OK to close the Edit customer field.0404

Now, we have assigned that price level to that customer.0411

And here, it shows in their general information the Customer Information screen here at the bottom right corner of their information.0417

So, now, we have assigned them that new price level.0424

The next item that we are going to do now is show you how to use those price levels on sale forms. We have various sales forms.0429

The one that we are going to look at right now is we are going to look at the invoicing on how to use that price level0439

and how it is going to affect that customer and how it is going to affect the various rates on our items.0446

So, we are going to make sure that we have our Lou Pluming-C highlighted in the Customer List.0456

And what we are going to do now is we are going to click on New Transactions.0466

And we are going to choose Invoices because we are going to invoice this customer.0472

Once it has the customer of Lou Plumbing-C in the Customer dropdown list, we are going to hit tab.0478

It will fill in the rest of the information, the Bill To, and from here, we are going to go ahead and choose an item to bill.0486

From here, we might go ahead and bill framing or something of that nature. I think we might use cabinets and choose the cabinet poles.0496

Actually, let's go ahead and choose light pine cabinet. How is that?0513

We will go ahead and sell them a light pine, OK?0516

And actually, let's just do the cabinet poles. There you go.0522

Choose cabinet poles, and we are going to sell them 8 of those, so under Quantity, we will type in 8.0526

And under here, under the Rate, we can choose that rate and choose Commercial.0536

Let's try the cabinets, actually. Oops, that is the wrong one.0548

We are going to actually choose the cabinet light pine, so there is a different value there, and we are actually going to sell them one of those items.0550

And we could pull down the rate and choose Commercial, and we will notice that the price is a little different.0559

Here, it shows us 1619.99, but if we drop down on the Lists and look at our Item List under Cabinets, the regular price is 1799.0564

So, we have a 10% discount rounded up to the nearest dollar, minus 1 penny.0579

And it gives us 1619.99, so that is 10% off rounded up to the nearest dollar, minus 1 penny. That is the calculation for us, for 1619.99.0587

So, we can go ahead and invoice this item that we are selling to them and go ahead and save and close.0600

Now, we have went ahead and utilized that price difference there for that customer and invoicing it and assigning that to an invoice.0612

So, we have all that taken care off.0622

And we noticed how it works with the standard pricing, how it applies that discount for that price level for that particular customer.0624

Now, I will be showing you how to use the price levels on sales forms.0635

We are going to go ahead and redo and look at again assigning those price levels to individual line items.0639

So, making sure that our Lou Plumbing-C customer is highlighted, we are going to go ahead and do a new transaction.0647

Click on Invoices to bring up the Create Invoices window, and we will hit tab selecting that particular client.0657

Under the Item List, we are going to type in LK Doorknobs, and it should pull up doorknobs for sale.0667

The regular rate gives us a 34.99 rate on that if we go ahead and look at the Lists.0675

Go Lists in Item Lists, we can go down to our LK Doorknobs and that the regular rate is $38.0683

So, we see that it assigns the discount because this client is commercial.0691

But, from here, we can actually choose a different rate, so we can say "Well, we are just going to sell for base sales price at $38".0697

So, it is going to change it to the regular rate.0706

It defaulted to the commercial rate of 34.99, which is 10% of $38 rounded up to the nearest dollar minus 1 penny, which is 34.99.0708

But, here, we are going to go ahead and choose the base sales price of $38 to sell them one interior locking door knob.0719

We will go ahead and hit Save and close, and we have just went ahead and billed that customer a regular price for that door knob.0731

Thanks again for using Educator.com. We will see you next time.0745

Educator®

Please sign in for full access to this lesson.

Sign-InORCreate Account

Enter your Sign-on user name and password.

Forgot password?

Start Learning Now

Our free lessons will get you started (Adobe Flash® required).
Get immediate access to our entire library.

Sign up for Educator.com

Membership Overview

  • Unlimited access to our entire library of courses.
  • Search and jump to exactly what you want to learn.
  • *Ask questions and get answers from the community and our teachers!
  • Practice questions with step-by-step solutions.
  • Download lesson files for programming and software training practice.
  • Track your course viewing progress.
  • Download lecture slides for taking notes.

Use this form or mail us to .

For support articles click here.