Inflation accounting is another name for price level accounting. It refers to a particular style of financial accounting designed to account for currency fluctuations that may occur throughout distinct economic expansion or contraction phases.
There are two sorts of price level:
- Fixed Price Level
- Price Level By Item
Fixed Price Level
Go to create the Fixed Price Level in Localizebook:
1.Go to the Customer menu.
2.Click on Price Level.
3.Click on button +Add in the top-right corner of the page.
4.Put Price Level Name.
5.Choose Price Level Mode “ Fixed”.
6.Choose Price Level Type “ Increase or Decrease”.
7.Put Value.
8.Choose Discount Method “% or $”.
9.Choose Round Type.
10.Put Memo.
)
11.After filling all with your information:
- Save & New: Save the price level and add another one.
- Save & Close: Save the price level and close the window.
- Close: Close window without saving the current price level.
Price Level By Item
Go to create the Price Level By Item in Localizebook:
1.Go to the Customer menu.
2.Click on Price Level.
3.Click on button +Add in the top-right corner of the page.
4.Put Price Level Name.
5.Choose Price Level Mode “ By Item”.
6.Choose Item Group.
7.Put Value and choose “% or Amt”.
8.Choose Adjust Type “Standard Price or By Cost or Customer Price”.
9.Choose Price Level Type “ Increase or Decrease”.
10.Choose Round Type.
11.Put Memo.
12.Click on:
- Adjust : If you want display auto to calculate the customer price.
- Use Qty Range: If you want set cost by item range.
Price Level By Item “Decrease”
)
Price Level By Item “Increase”
)
Price Level By Item “Use Qty Range”
)
13.After filling all with your information:
- Save & New: Save the price level and add another one.
- Save & Close: Save the price level and close the window.
- Close: Close window without saving the current price level.