Base prices in item master

Hi All ,

Are these prices ( base purchase price , base cost price and base sales price ) mandatory to fill for each item during importing the new items ?


No it’s not mandatory… We can setup these prices depend upon the requirement & situations. Sometimes we mention prices at Trade agreements, sometimes at PO or SO directly.


Hi Sarathy ,

Can i know what is the use of the base cost price , how can we use this field information ?

It is the base cost price of the item, it is used on elements like teh sales line to give you a cost and margin. Depending upon how you set it up it will move with transactions.

This post is marked as resolved which statistically means 90% of people will not read it - as suggested a couple of times previously rather than adding to a resolved log a new question post a new question.