Advanced Pricing: What It Adds

Most companies running NetSuite have traditionally been able to map their pricing structure into the NetSuite structure — price levels on item records, quantity schedules for volume breaks, a price level on the customer record, and customer-specific item prices where a negotiation warranted one. It works but can be limited in functionality or painful to maintain.

What it doesn’t do is change on its own. A customer’s price level stays the same until someone revises it. A seasonal program requires one mass update to start and another to end. When input costs change frequently, repricing can become a significant project. The pricing may be accurate, but keeping it accurate takes manual effort.

That’s the gap that Advanced Pricing addresses. It’s off by default — Setup > Company > Enable Features > Transactions, Sales section — and it adds capability rather than replacing what you have.

Price Rules: assignment that maintains itself

Price rules live in Lists > Accounting > Price Rules and automatically apply a price level to sales transactions based on criteria like customer, item, or date range. Click Select Dates on a rule, and you get a start and end date, so a program window opens and closes without anyone touching a record.

Rules can target customer groups rather than individual customers, which matters if you’ve been maintaining the same price level across dozens of accounts by hand.

Cost+ Pricing: price levels that follow cost

Advanced Pricing adds a Cost+ pricing method at the price level, where you select a cost basis and set a markup or discount percentage.

Two sources of cost are available. Average Cost works where your costing is reliable — and a new Refresh Prices button on the item record updates those price levels when average cost changes. For items without standard costing or with volatile prices, Advanced Pricing adds a Cost for Pricing field where you set a custom cost directly. Price levels update automatically when changed.

What changes on the item record

Enabling the Advanced Pricing feature changes the Sales/Pricing subtab. A Price Rule column is added. The Default Discount % column is renamed Pricing Method and shows which levels use Average Cost or Cost for Pricing. The Cost for Pricing field and Refresh Prices button appear.