How do I set up multiple price points for a single item? (E.g. retail, wholesale, and distributor rates, so all types pull from the same inventory pool)

I have the same issue with Mac 2019. I want to charge different prices to members/non-members, but decrease the same inventory item. How would I do this?

Hi there, Christiane.

At this time, QuickBooks Online (QBO) only allows entering products and services when creating invoices. Thus, choosing two income accounts isn't available.

As a workaround, you can consider creating two different items or services and associate them with their appropriate income accounts. Here's how:

1. Click the Gear icon, then select Products and services.
2. Select New, then choose either Inventory or Service.
3. Enter the name of the item and the necessary information.
4. From the Description field, you can specify if it's a "wholesale" or "retail sales."
5. In the Income account drop-down, select the appropriate income account you'll use.
6. Click Save and close.

Once done, you can repeat steps 2 to 5 to create another item for a specific income account.

I'm adding this article for more details: Add product and service items to QuickBooks Online.

For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on. 

I'm always here to hear if you have any other concerns with QuickBooks Online. You're always welcome to post again or leave a reply below. Have a good day and stay safe.

Hi,

Thanks for the quick response. I'm not asking for a 'new feature'. I'd like to know why this is only available to the users in the US?

Hello there, KP-HTT.

The customer rule is based on the original price or cost. Which is $10 not the adjusted price of $15. Therefore, it can't be set to $13.50.

In the meantime, you can send feedback to our Product Engineers so they know what to add to the next update.

Here's how:

1. Click on the Help menu located at the top.
2. Select Send Feedback Online, then click Product Suggestion.
3. Type in your feedback or feature request.
4. Click the Send Feedback button.

Additionally, you can search for a third-party application that offers this functionality. Then, integrate with the program. I suggest visiting our QBO Apps Store page to look for the specific app that suits your needs.

You can get back on this thread to stay informed if there are any updates regarding the availability of the feature of the pricing rule. If you have any other questions about the program's features, please don't hesitate to keep us posted. 

Thank you for joining the thread, DD1959. I understand how important it is to have flexible pricing options for retail, wholesale, and distributors.

In QuickBooks Desktop Premier, the direct option to set multiple price points for each inventory item is currently unavailable. However, you can achieve a similar result using the available features such as billing rate levels and price levels.

Billing rate levels allows you to set custom service rates for different employees and vendors, which is useful when a standard rate is insufficient. For instance, you may need varied rates based on an employee's experience or task difficulty. After creating and associating billing rate levels, QuickBooks automatically applies the correct rate when you invoice billable time.

On the other hand, Price levels allows you to customize pricing for various customers or jobs. Once set up and associated with customers or jobs, QuickBooks automatically applies the correct custom price on invoices, estimates, sales receipts, sales orders, and credit memos. You can also manually adjust prices on sales forms. But keep in mind that price levels are automatically used for billable time and reimbursable mileage but not for reimbursable items and expenses from purchase transactions or invoices created from estimates.

Here's an article with detailed instructions on how to set up and use billing rate and pricing levels: Set up custom rates or prices for employees, vendors, or customers.

But if you want to have more control and precision to set conditions for item price, you can also consider upgrading to QuickBooks Desktop Enterprise which has an Advanced Pricing option. 

Keep me posted if you still have further questions or need additional assistance about managing your inventory, DD1959. We’re here to help you optimize your QuickBooks experience and meet your business needs. Have a great weekend!