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Contract prices apply to specific inventory items for specific customers. A stationery store, for example, may make a contract with a school district to sell pencils at a given price for the school year. This might be based on a bulk tender where 10,000 pencils are expected to be sold, but each individual school may come in and make their purchases. The contract price would apply even if only one pencil was purchased. This feature provides the ability to give specific customers special pricing and tax exceptions for either an unlimited period of time or for a pre-determined period of time. The Contract Pricing tab is shown in Figure 1.
Figure 1: The Contract Pricing tab
The Contract Pricing tab contains 4 sub-tabs which are listed below: