Explained: Setting up Price rules in QuickBooks

QuickBooks, along with its payroll services, provides a wide range of tools and features to make business processes easier for its users. Users can set the price rules in QuickBooks to charge different prices from different customers or to keep different prices in different markets. It helps users to run their businesses as per the needs of the market and customer needs. Through this article, we will discuss the steps to set up the price rules in QuickBooks.

If you have further queries or you need an expert to assist you through the process of setting up the price rules in QuickBooks, then contact us at our (855)-526-5749.

Why create price rules in QuickBooks?

Users can create price rules in QuickBooks if they have subscribed to Advanced or Plus plans only. QuickBooks doesn’t provide this feature in Essential or Simple start plans. Several benefits of setting up price rules in QuickBooks are as follows:

  1. To provide seasonal discounts and festive discounts.
  2. Discount for a special category of customers such as defence personnel.
  3. To provide benefits to employees.
  4. Settings different prices for different markets or localities.

Steps to set up new price rules in QuickBooks Online

Here are the detailed steps to set new price rules in QuickBooks Online:

Step -1: Click on the ‘Gear’ icon to enable pricing rules in QuickBooks Online.

Step -2: Click on the ‘Company Settings’, and then select ‘Sales’ and further on ‘Turn on price rules’.

Step -3: Go on the ‘Lists’ section and select ‘Price Rules’.

Step -4: Dab on the pencil icon besides Products and services.

Step -5: Click on the ‘New Price rule’ button.

Step -6: In the ‘Price rule’ window, you can select the date range, product categories and other price adjustments.

Step -7: You can create a customer type from the ‘Sales’ option.

Step -8: A customer type can be assigned to multiple customers also.

Step -9: Click on the ‘Save’ option to apply the changes.

Users can run the report customized to the Customer Type and then download it. These price rules apply automatically when the Invoice is generated as per the rules applied.

Through this article, we discussed the steps to setting up price rules in QuickBooks. If you need an expert’s to assist you through the process or you face any issues, then contact us at our (855)-526-5749.

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