How to Adjust Pricing in QuickBooks
Companies have to adjust pricing in their documents when they change prices for products and services for a number of reasons, including sales, permanent price reductions or to adjust for inflation. Adjusting pricing requires detailed documentation of the amount of the change, because incorrect records can cause problems with balance sheets and income and expense reports. QuickBooks provides business owners with the ability to adjust pricing accurately and easily. QuickBooks also makes the necessary changes to financial documents automatically, eliminating the risk of inaccurate information.
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Instructions
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Open QuickBooks. Select "Customers" from the menu bar at the top of the screen and click "Change Item Prices."
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Check the boxes next to the items for which you want to change the price.
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Enter the amount by which you want to increase or decrease the price as a dollar amount or a percentage. If you are entering a percentage, you must use the percent sign at the end of the number.
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Use the drop-down box next to the price adjustment amount to indicate if you want the adjustment to be based on the current price or the unit price.
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Click the "Adjust" button and the adjusted price will appear in the "New Price" column. Click "OK" to save the new price.
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